The realm of process automation – those with a deterministic outcome – is here now. The realm of cognitive automation – those with probabilistic outcomes – is just around the bend. A New Approach to… The Robots are Coming. Hooray!
A number of my conservative friends roll their eyes when I start talking about the disruption now underway as a result of the exponential growth of AI/robotic technology. But it is occurring and the rate… It is now cheaper to buy robots than to pay people $5 per DAY!
For some time now, I have been watching the downward slide in income and wealth of the American middle class while the income and wealth of those who control capital have soared. Part of this is due, of course, to the accelerating transfer of traditional manufacturing to countries with lower labor costs and with less environmental regulation. But increasingly, automation of blue collar manufacturing jobs in our remaining onshore companies is exacerbating the problem. I am also aware of the fact that increasing numbers of Americans with new college degrees are having a very difficult time finding work that makes their investment in education seem worthwhile.Preparing for the 4th Industrial Revolution