By Vivek Wadhwa, washingtonpost.com
In an op-ed in The Wall Street Journal, former Treasury Secretary Lawrence Summers revived a debate I’d had with futurist Ray Kurzweil in 2012 about the jobless future.
He echoed the words of Peter Diamandis, who says that we are movi…
This is an interesting conviction evereybody suddenly have. I agree that the trend is there, but few are acknowledging all the other factors that might have an impact on the issue. One crucial factor is the changing social logic due to the value shifts and the changed behavior when it comes to sharing, collaboration and new forms of non institutional value creation. Other factors could e g be the external ones e g globally limited resources and transformation of the energy logic, which could lead to a different geopolitical landscape which in turn might dwarf the challenges of automation.
The problem when most people make forecasts is that they extrapolate just one factor and don’t acknowledge the complexities and uncertainties that arise when several driving forces interact.