In this ten minute video Ray Kurzweil explains his view that as robots and AI automate low skilled jobs new higher skilled jobs will be created. In other words human labour will move up the skill ladder, as we have done before when we moved from agriculture to manufacturing and from manufacturing to knowledge work.
I think he’s right about that, but as I’ve written before I’m worried that the job destruction might happen much faster than the job creation and we will suffer major dislocation during the transition. Ray makes two interesting points in this area that made me feel a little better, one is that 65% of Americans are now employed as information workers, a category that didn’t exist 25 years ago – so job creation has happened quickly in the recent past, and the other is that the explosion of online education is making it easier for people to re-skill.
Ray finishes with a discussion on what you could call ‘post scarcity employment’, when our material needs are provided for and we only work for enjoyment.