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Portentous changes to the work economies of India and the USA due to job automation by machines and robots continue to make headlines. Varieties of hardware and software automation are seeing implementation burgeon in both countries, as companies seek efficiency by replacing humans with machines. Wage erosion in areas previously unaffected by automation - including varieties of programming - is getting commoner while new, albeit highly specialized, engineering jobs are created. Both articles encourage educational changes mindful of these realities, though how colleges either side of the world can adapt to the blistering pace of automation is unclear.
The latest tranche of job automation news comes hot on the heels of Davos' prediction that machine automation will result in a net loss globally of over 5 million jobs prior to 2020.
(Score: 1) by khallow on Thursday February 11 2016, @12:43AM
One of the cornerstones of the organization’s findings is the fact that many of the dysfunctional behaviors of today’s society stem directly from the dehumanizing environment of a monetary system. In addition, automation has resulted in the technological replacement of human labor by machines and eventually most people will not have the purchasing power to buy the goods and services turned out.
Classic example of garbage in/garbage out. You can use rants against "monetary systems" as a litmus test for really bad and delusional economic proposals. And concerning the dehumanizing aspects of the monetary system, I'm on record [kuro5hin.org] as not caring.