Fast Forward Radio -- The New Economy Part 1
Phil and Stephen begin a three part series on the New Economy with Special Guest Martin Ford. Ford's new book, The Lights in the Tunnel, takes an in depth look at current trends in technology and globalization and examines what the likely economic impact will be in the coming years and decades.
- Globalization. Collaboration. Telecommuting. Are these the forces that will shape the workplaces of the future? Or is there something bigger lurking?
- How will job automation impact the economy in the future?
- How will the offshore outsourcing trend evolve in the coming years?
- What impact will technologies such as robotics and artificial intelligence have on the job market?
And most importantly, what should we do next? Listen and find out!
About Our Guest
|Martin Ford is the founder of a Silicon Valley-based software development firm. He has over 25 years experience in the fields of computer design and software development. He holds a computer engineering degree from the University of Michigan, Ann Arbor and a graduate business degree from the University of California, Los Angeles.|
Martin is also the author of "The Lights in the Tunnel: Accelerating Technology and the Economy of the Future."
Martin blogs at Econfuture. That's "http://econfuture.wordpress.com/"
- Here are some incredible videos of state-of-the-art automation. It appears that human factory jobs are on the way out.
- But its not just factory jobs. Thanks to exponentially improving AI, mental jobs will be automated.
- There may not even be human jobs in the military. Our guest mentioned the book, Wired for War: The Robotics Revolution and Conflict in the 21st Century
- Martin's point: if most jobs are automated out of existence, who will have money to buy the products the robots build?
- Martin states that in order to save the demand-side of the economy, the government tax those companies that automate and then redistribute wealth to consumers.
He would have incentives built in to the system. The amount of your check would depend on how well you are living - as defined by the government.
This idea, obviously, is provocative. The chatroom was lively this week.
- Stephen countered with two ideas: Why shouldn't everyone own stock rather than get a check from the government?
And what about the role of 3D printers? If I'm producing goods in my own home, wouldn't my need for money to buy goods made outside the home be reduced?
Our music this week is "Wake Up" from the band Esteban. Hear it in stereo at Music Alley.