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gitah | 9 years ago

It would probably require 15-20 years if automation does reach the scale to have macro-level effects on employment. By that time China's economy will be 2x-3x bigger than it is now with GDP per capita around 30k USD. China would essentially be a developed country at that point.

It's easy to assume and take for granted that the US will create all the automation technology. However, I think it's more probable that China will move up the value chain and be the ones to own and develop these technologies, especially in manufacturing as China already has a super strong manufacturing ecosystem and talent (think Silicon Valley and Software).

If China owns the technology, the wealth would be in China so less will be available to spread around for basic income in developed countries like the US.

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