There is an issue looming on the horizon. Possibilities of large unemployment caused by technology in the future seems more real than ever. The progress and advancements in technology have been taking more jobs in blue-collar sectors and it predictions say they will take even more jobs relatively soon. Federico Guerrini’s article in Forbes’ magazine reports that estimates show 2025 is when self-driving automated trucks will be series-produced. Once this happens, truck drivers will begin to quickly lose their jobs [1]. Companies will want to buy these trucks with self-driving technology because it will make them more money. Corporations will not have to pay salaries for drivers, will see more productivity as computers don’t need to stop to eat,
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Data analysts, paralegals, and even some high skill level workers like computer programmers and doctors are all subject to possibilities of job loss in the future from further advancements into artificial intelligence [4]. As computers become better equipped to perform the jobs of humans, and as machine learning, “a form of artificial intelligence where the software can respond to new situations, mimicking human learning,” [4] develops they will become cheaper and more productive than human workers. Ford also states that many of the new jobs created from these technological advancements are susceptible to being taken by computers as well instead of being new jobs created for humans …show more content…
The idea of a Universal Basic Income, however, had started long before, originating during the Renaissance Era, 1516, in Thomas More’s “Utopia” [7]. Throughout the centuries many famous intellectuals like Thomas Paine and John Stuart Mill examined and expanded upon the idea. Modern day, we see the idea of a Universal Basic Income being endorsed by men like Elon Musk, the CEO of Tesla and Space-X. The purpose of the Basic Income was to tackle poverty. Modern day, it is now becoming a more prevalent way to fix the current large income inequality and as a way to tackle the large upcoming inequality of the future. An idea that’s stayed true to its core reason after centuries, Universal Basic Incomes have a large history in theory, and now thanks to a huge problem on the horizon it is finally a feasible policy to pass in the near future. If we do not attempt this solution soon, however, or find a better one in the near future, Martin Ford predicts that we may, in fact, see an economic crash unlike any seen before [4]. An economic crash caused by severe inequality that could cause a “catastrophic implosion of the capitalist economy,” [4]. Ford, however, believes that this economic crash is necessary for the population and government to accept drastic changes to the economic and political system [4]. On this one point, though, Ford is wrong. The population and
Data analysts, paralegals, and even some high skill level workers like computer programmers and doctors are all subject to possibilities of job loss in the future from further advancements into artificial intelligence [4]. As computers become better equipped to perform the jobs of humans, and as machine learning, “a form of artificial intelligence where the software can respond to new situations, mimicking human learning,” [4] develops they will become cheaper and more productive than human workers. Ford also states that many of the new jobs created from these technological advancements are susceptible to being taken by computers as well instead of being new jobs created for humans …show more content…
The idea of a Universal Basic Income, however, had started long before, originating during the Renaissance Era, 1516, in Thomas More’s “Utopia” [7]. Throughout the centuries many famous intellectuals like Thomas Paine and John Stuart Mill examined and expanded upon the idea. Modern day, we see the idea of a Universal Basic Income being endorsed by men like Elon Musk, the CEO of Tesla and Space-X. The purpose of the Basic Income was to tackle poverty. Modern day, it is now becoming a more prevalent way to fix the current large income inequality and as a way to tackle the large upcoming inequality of the future. An idea that’s stayed true to its core reason after centuries, Universal Basic Incomes have a large history in theory, and now thanks to a huge problem on the horizon it is finally a feasible policy to pass in the near future. If we do not attempt this solution soon, however, or find a better one in the near future, Martin Ford predicts that we may, in fact, see an economic crash unlike any seen before [4]. An economic crash caused by severe inequality that could cause a “catastrophic implosion of the capitalist economy,” [4]. Ford, however, believes that this economic crash is necessary for the population and government to accept drastic changes to the economic and political system [4]. On this one point, though, Ford is wrong. The population and