THE COMING GLOBAL JOBS CRISIS IN AN ERA OF UNRELENTING ROBOTIC ADVANCEMENTS

UNDERSTANDING ROBOTIC ADVANCEMENTS

Advancements in Robotic technology have reached critical mass resulting in increasing numbers of university programs focused on Robotics. This along with industry adoption rates as a result of labor cost pressures and availability of ubiquitous communications enabling technology like "cloud computing", "bluetooth" and WiFi are fostering new concepts in robotic adoption.

As exciting as these developments are they now come with increasing net loss of jobs. Few have answers to the coming global jobs crisis in an era of unrelenting robotic advancements.

HUMAN CAPABILITIES:

Technology has now advanced where the human characteristics of Seeing, Hearing, Speaking, Touch and the Dexterity of Physical Movement can now be combined into various forms of productive automation.

SEEING (Recognition)

HEARING (Sound)

SPEAKING (Communications)

FEEL (Touch)

DEXTERITY (Physical Movement)

ROBOTIC ADVANCEMENTS

What is new is that the human quality of "Synthesis" is being brought to bare with the incorporation of access to data bases and artificial intelligence. This opens up tremendous numbers of new areas of productivity increases as well as job loss.

POST 2000 (TECH) & 2007 (HOUSING) ==> RETAIL & DELIVERY/COURIER

In prior Macro Analytic videos we have discussed the next wave of consolidation coming in the area of Retail. As we spelled out many of those downsized, right sized or outsourced following the Dotcom Bubble and the Housing Bubble collapses found employment in the lower paying but less automated area of retail.

This is about to change.

It will change retail in many areas:

KIOSKS & VENDING DEVICES,
CHECKOUT & PAYMENT,
DELIVERY DRONES,
SELF DRIVING TRUCKS,

Examples are:

HOW YOU SELECT: KIOSKS & VENDING DEVICES,

HOW YOU TRANSACT: CHECKOUT & PAYMENT,

OBSOLETE

YOU WILL SIMPLE WALK OUT!

FACIAL SCANNING - SCANNERS - ACCOUNT DEBIT

HOW IT IS DELIVERED: DELIVERY DRONES,

HOW IT IS DELIVERED: SELF DRIVING TRUCKS,

In 1978 the most common job by state was farmer or secretary.

Today it is Truck Driver. Consider also delivery drivers (UPS, Fedex) and Couriers.

This will also soon change with self driving technology.

HOW IT IS DELIVERED: SELF DRIVING TRUCKS

SELF DRIVING COURIERS

INDUSTRIAL REVOLUTION: STOPS CREATING JOB GROWTH & STARTS REDUCING NET JOBS

The problem is that all this change has the potential to stop creating job growth and start reducing NET jobs available - globally!

REACHING CRITICAL MASS

CREATIVE DESTRUCTION VERSUS JOB IMPLOSION

There is little doubt we have already been experiencing this since the internet began to truly "take hold" with "apps" for almost everything anyone can imagine.