Downsizing society

The world is becoming increasingly automated. Jobs that were once done by people are now frequently done by machines instead. This started off in manufacturing, but the coming of self-driving cars will put huge numbers of people out of work ; even lawyers are being replaced by machines . Some reports suggest that machines could do 50% of jobs within the next 30 years . Fifty percent ! What will we do when half the population have been made redundant? How will we cope with such a restructuring of society? To an economist, a job is an income. To […]

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