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How automation could turn capitalism into socialism

Submitted by TNW News on May 4, 2021 - 3:48pm


There can be no doubt that automation is the future of work. There’s plenty of debate as to what extent AI will displace workers in the near and far future, but the general consensus is that blue collar work is an endangered species. It’s only a matter of time before robots can perform skilled human labor better and cheaper than we can. What happens then? Companies will embrace automation The past is prescient here. In the early 1900s the onset of US factories provided an employment boom for blue collar workers. As the decades wore on, US prosperity became the…

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