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Episode Summary
00:02:13 | Broad Overview
- Post Scarcity Civilizations - YouTube
- “A Civilization or economy in which scarcity of resources no longer exists.”
- Post scarcity civilizations have to be either young and haven't grown to their carrying capacity, or they have no growth
- Initially basic needs will be met, and then we progressively move up Maslow's Hierarchy of Needs
- A world without work is coming – it could be utopia or it could be hell | Ryan Avent | Opinion | The Guardian
- Automation is making work too cheap for human laborers
- Significant political, economic, and social changes are going to be needed in order for us to avoid collapse on our way to post-scarcity
- Robots Will Steal Your Job, But That's OK: How to Survive the Economic Collapse and Be Happy
Read online free
Listen to the audiobook free- The point of technological progress has been to enable us to get the same resources for less effort - or more resources for the same effort
- Exponential growth makes it difficult to realize massive changes are coming, even when they are imminent
- Once one machine has been "trained" to do something, all of them have been
- Don’t Replace People. Augment Them. – What’s The Future? – Medium
- The only way for people to compete with machines in the workforce is for people to be augmented
- Machine learning enables computers to adapt to new tasks over time, is accelerated by the amount of data we collect about the activities of workers
- I see three possible outcomes:
- Automation pushes humans out of the workforce, but it’s okay because we put in place social structures to support those who are not in the workforce
- Automation pushes humans out of the workforce, and those who own the automation accrue all the wealth from that system
- Humans allow ourselves to be augmented to such an extent that we can compete with automation
- Robots Will Steal Your Job, But That's OK
- Information technology eliminates far more jobs than it creates
- Those forced out of their current profession do not have much hope of entering the workforce at the same pay level
- The Middle Class shrinks
- Greater shares of produced wealth goes to the already wealthy
- Past automation has forced unskilled workers into retail or delivery fields, but those are now on the chopping block.
- Of course not all jobs will be automated, the 45% of jobs that are easily automated will certainly be enough to radically alter society
- As time goes on, we will automate more and more jobs. New fields will open, but those jobs will be more difficult and sophisticated than before, and will employ fewer people.
- Humans Need Not Apply - YouTube
- Mechanical muscles allow us to free up labor so those humans can specialize in other things, which overall improves our standards of living
- Technology improves at a rate that biology can’t match
- “Mechanical muscles” applies to brain power as well; thinking and creative jobs aren’t safe
- The Rise of the Machines – Why Automation is Different this Time - YouTube
- More wealth is going to industries with fewer workers
- If automation displaces enough workers, who will be able to buy the stuff produced by automation?
- The Vanishing Male Worker: How America Fell Behind - The New York Times
- Easier to live without employment now
- Barrier to entry for working has increased
- The game industry's disposable workers - Polygon
- Working in a gig economy : Career Outlook: U.S. Bureau of Labor Statistics
- Gig economy, aka work on demand
- Difficult to do as sole income, so many people supplement a main job with gigs
- Get off the hedonic treadmill
- Stop trying to "keep up with the Joneses"
- Even if our material goods are provided for, people will find ways like fame or social standing to differentiate themselves
- Machine Money and People Money – What’s The Future? – Medium
- May transition to a two-currency system: one for buying things made by machines, the other for buying things made by humans
- Problem: if a machine can make something that seems like it was made by a human, how do you know you are paying for the real deal?
- Current society has engrained in us the idea that we are defined by our job. We have to reject this idea in order to progress to a post-scarcity society.
- Currently people say “if you’re good at something, don’t do it for free.” In a post-scarcity mindset, you would say “if you wouldn’t do this job for free, you shouldn’t do it at all.”
- Unemployment is a huge detriment to mental health, unless unemployment is the norm
- Transition period - make shorter workweeks the norm
- How do people find purpose?
- What will we do with our free time?
- The Free-Time Paradox in America - The Atlantic
- The rich are supposed to be able to afford more leisure time, but we’re seeing a very different outcome
- 2015: 22% of men aged 21-30 without a college degree hadn’t worked in the last year
- They spend a lot of time playing video games
- They report higher satisfaction than the same age group back when employment was higher
- Technological progress has been fastest in areas related to entertainment, communication, and information processing
- Entertainment is now an inferior good (as one’s income goes up, they consume less of it)
- The rich have reduced their leisure time more than any other demographic
- “Building wealth to them is a creative process, and the closest thing they have to fun.” - Robert Frank
- What is the point of education? How do we structure it?
- No couch, one car: How these Minnesotans are living with less - StarTribune.com
- Basic income: the world’s simplest plan to end poverty, explained - Vox
- Everybody gets a monthly payment from the government, no questions asked
- Several different models on how to run it
- Concern: people who receive this benefit will have no incentive to work!
- Well yes, in the context of post-scarcity, that’s the point
- It may be a way to solve the problem of mass unemployment as a result of automation
- The Future of Not Working - The New York Times
- A test of UBI taking place in villages in Kenya by an NGO called GiveDirectly
- Every adult receives $22 per month for 12 years
- Equates to ~$1000 per month in Minnesota
- Some recipients put the money towards basic needs like food, others used it for entrepreneurial endeavors
- Free Cash in Finland. Must Be Jobless. - The New York Times
- This Kenyan village is a laboratory for the biggest basic income experiment ever - Vox
- Moving Forward on Basic Income
- Y Combinator is running a basic income experiment with 100 Oakland families — Quartz
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Links
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* Soft Robotics Podcast RSS Feed
* Marwa ElDiwiny (@MarwaEldiwiny) | Twitter
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