Smart Talk with Martin Ford discuss how technology will be affecting economy and jobs
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In this Smart Talk video series, Andrew Mazzone and Martin Ford discuss how automation will impact the economy in the future as well technology such as robotics and artificial intelligence will be affecting the job market growth. Martin Ford is the founder of a Silicon Valley-based software development firm and the author of the books Rise of the Robots: Technology and the Threat of a Jobless Future and The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future. He has over 25 years experience in the fields of computer design and software development. The Henry George School of Social Science has launched Smart Talk, a series of discussions with leading economists around the world moderated by Andrew Mazzone, president of the HGS board of trustees. We invite you to watch the Smart Talk videos of discussions with some of the most talked-about economic and social thinkers of our times. Please visit: http://hgsss.org/smart-talk/ to watch more videos. For transcript, please visit: http://hgsss.org/smart-talk-with-andrew-mazzone-and-martin-ford/
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I think looking at the government to tax and redistribute income is an old way of thinking. that's like asking flint Michigan to take care of the water to your house. First of all government do a very bad job. It cost a lot to collect. and to give out. With the way block chain technology has grown. You may do a tax with peer to peer getting rid of all the waste.
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Excellent discussion!! And I totally agree with all of your prognostications!
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This is going to take a long time, it's to the point we need to embrace it, no other option. You will like it.. like when you go to walmart, the quick non person checkout, what you hate it the idea of it. In his book we are losing jobs every decade, instead of creating jobs. we need to buy machines and make products, or get into agriculture with new technology or spend more time with the people you love, family because in 20 years it will be worse not better. When I worked in IT, I saw how quick everything moved. From being in demand in 1995, to jobs gone in 2002, some came back in 2005, gone again 2008 - present. You don't need a Cisco Certified person to figure out how to use unix to configure a router. Outsourcing didn't help much either, in 2001 they said they would be automating many of the jobs going to china and they would lose them, today your seeing it happen.
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"Guaranteed Income" does not need to be funded with taxes--it could be provided by coining new money. To avoid inflation, surplus funds could be taxed out of the economy or absorbed via interest payments on debt.
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I believe that due to advances in energy--fracking and solar--over the next decade, manufacturing companies will be drawn to the United States. This will create millions of temporary construction jobs (enhanced by government investment), but all these new factories will be AUTOMATED. Thus, after the construction boom is over we will see a gradual collapse of employment until we are right back to where we are today.
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China won't automate because people are plentiful and enterprises in other parts of the world will not automate in the near future (next 25 years) because for now it is not profitable
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A question not addressed by Martin Ford is whether governments will invest in the infrastructure required to support the new technologies. As we are experiencing in the United States, our elected officials have resisted the imposition of taxation required to raise the needed revenue. A good example is the potential for automobiles that no longer need to be driven. This new technology requires a total revamping of the way our roadways are constructed and maintained.
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