futuresagency: courtenaybird: Fifty years ago, the four most valuable U.S. companies employed an average of 430,000 people with an average market cap of $180 billion. This year, the four largest U.S. companies employ an average 120,000 people with an average market cap of $334 billion. The titans of 2011 have twice the the value of their 1964 counterparts with a quarter of the employees. (via The Atlantic) The empheraliszation of work means that software and other machinery has replaced a great deal of human dudgery. What happens when the machines become creative? What sort of a world if 90% of all labor becomes obsolete, and nearly no one needs to work? Society will need a dramatic rethinking if we aren’t to split into an increasingly small elite that run businesses and government, and everyone else. Who is to benefit from massive increases in productivity?
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futuresagency:

courtenaybird:

Fifty years ago, the four most valuable U.S. companies employed an average of 430,000 people with an average market cap of $180 billion. This year, the four largest U.S. companies employ an average 120,000 people with an average market cap of $334 billion. The titans of 2011 have twice the the value of their 1964 counterparts with a quarter of the employees.

(via The Atlantic)

The empheraliszation of work means that software and other machinery has replaced a great deal of human dudgery. What happens when the machines become creative?

What sort of a world if 90% of all labor becomes obsolete, and nearly no one needs to work? Society will need a dramatic rethinking if we aren’t to split into an increasingly small elite that run businesses and government, and everyone else.

Who is to benefit from massive increases in productivity?

Source: The Atlantic

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