AI, Automation, Lack Of Jobs =Basic Income

Mtwildman
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Posts: 3018
Loc: S.C. Missouri http://www.businessinsider.com/bernstein…nations-2016-12 BERNSTEIN: China’s insane spending on robotics is fundamentally changing capitalismWorkers exchange spools of thread as a robot picks up thread made from recycled plastic bottles at the Repreve Bottle Processing Center, part of the Unifi textile company in Yadkinville, N.C., Friday, Oct. 21, 2016. America has lost more than 7 million factory jobs since manufacturing employment peaked in 1979. Yet American factory production, minus raw materials and some other costs, more than doubled over the same span to $1.91 trillion last year, according to the Commerce Department, which uses 2009 […]

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