"Rise of the Robots: Technology and the Threat of a Jobless Future" by Martin Ford. Published by Basic Books, a member of the Perseus Group, New York.
# This eBook is a must-read for anyone who wishes deeper insights to the forces impacting the economy. The author has done his research and the textual passages are linked to various sources. As well, most of the links to outside webpages are active.
# The author states that automation will no longer create better, higher paying jobs for those drudge jobs replaced by machines. He admits the aftermath of World War II increased everyone's standard of living. Automation and worker compensation rose hand-in-hand until 1973. Since 1973 productivity per capita has continued to rise. But worker compensation, not so much.
# Martin writes: "Since 1973 incomes of wage earners have NOT kept pace with productivity gains and corporate profits."
# Again: "As of 2013, a typical production or nonsupervisory worker earned about 13 percent less than in 1973 (after adjusting for inflation), even as productivity rose by 107 percent and the costs of big-ticket items like housing, education, and health care have soared."
# He also debunks the theory that cheap labor from developing countries have stolen North American jobs. While it is true that corporations will build new plants where labor is cheapest. Many corporations are repatriating assembly plants to home countries, because robots are even cheaper than nonunionized shopworkers.
# Martin sees the fast-food industry going robotic in the near future. Smarter software will create digital assistants that handle 95% of the enquiries and complaints at corporate Helpdesks and Voicemail. When you phone to register a mix-up, you'll deal with software that masquerades as a human being.
# The economies of developed nations may never regain full health because too many workers will be laid off permanently. Even if they go back to school and obtain extra skills, they will be competing with thousands of other underemployed workers who are in the same boat.
# Martin has proposed a minimum Basic Income for all adults. Even if 50% of the workforce goes on the dole, they will perform a valuable service; they will have money to buy the goods produced by machines.
# Lastly, I wish to commend Basic Book for producing a truly digital product. The links and graphs are superb. This book can be used as a handy reference for years to come.
- MP3 CD
- Publisher: Brilliance Audio; Unabridged edition (May 5 2015)
- Language: English
- ISBN-10: 1480574775
- ISBN-13: 978-1480574779
- Product Dimensions: 14 x 14 x 0.6 cm
- Shipping Weight: 68 g
- Customer Reviews: 566 customer ratings
- Amazon Bestsellers Rank: #870,589 in Books (See Top 100 in Books)