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posted by janrinok on Tuesday July 28 2015, @10:58PM   Printer-friendly
from the dreaming dept.

Not long ago, schoolchildren chose what they wanted to be when they grew up, and later selected the best college they could gain admission to, spent years gaining proficiency in their fields, and joined a company that had a need for their skills. Careers lasted lifetimes.

Now, by my estimates, the half-life of a career is about 10 years. I [Vivek Wadhwa] expect that it will decrease, within a decade, to five years. Advancing technologies will cause so much disruption to almost every industry that entire professions will disappear. And then, in about 15–20 years from now, we will be facing a jobless future, in which most jobs are done by machines and the cost of basic necessities such as food, energy and health care is negligible — just as the costs of cellphone communications and information are today. We will be entering an era of abundance in which we no longer have to work to have our basic needs met. And we will gain the freedom to pursue creative endeavors and do the things that we really like.

I am not kidding. Change is happening so fast that our children may not even need to learn how to drive. By the late 2020s, self-driving cars will have proven to be so much safer than human-driven ones that we will be debating whether humans should be banned from public roads; and clean energies such as solar and wind will be able to provide for 100 percent of the planet's energy needs and cost a fraction of what fossil fuel– and nuclear-based generation does today.

In other words, every industry is disruptible by technology. Presumably, banking and punditry are forever?


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  • (Score: 2) by Grishnakh on Thursday July 30 2015, @01:55AM

    by Grishnakh (2831) on Thursday July 30 2015, @01:55AM (#215694)

    The part that you're missing is that your bachelor pad wasn't free at all: you still had to pay rent. They just rolled everything into it because it's a better value that way, plus they probably use that as a selling point when competing against similar places; who wants to deal with paying a bunch of separate utility bills when you could just have one bill for the month?

    Same thing goes for dorms. They aren't that cheap to live in these days. They just roll everything into one bill.

    What you're talking about before is people living for free. There's no way to do that. Not without having some kind of welfare system, basic income, or similar. Real estate is a limited resource, as is energy. No one's going to give them away for free.

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