In this, the year of our Lord, 2015, we are poised upon a dilemma most of us are still in denial about or perhaps don’t even know is happening. Automation is catching up to us. The ability to automate and use robots, algorithms and other technologies to replicate or replace human labor entirely is growing at a staggering rate.
Automation, robots and algorithmic intelligence are poised to liberate millions from their terrible jobs. However, it doesn’t address what people need to do, when they’re not employable any longer.
One such study indicates that nearly 45% of all labor potentially able to be done by Humans can and will be done by automation/robots/algorithms (ARA), sooner rather than later. This type of unemployment is often related as “Structural unemployment.”