Monday, March 2, 2015

Billionaire Predicts 100+ Years of Robotic Stagnation

February 11, 2015
Robots won't pose a threat to middle class jobs for at least 100 years, maybe never, says PayPal founder Peter Thiel

Robots may well replace factory workers over the next decade, but they don’t pose a threat to middle class jobs for at least one hundred years, claims billionaire venture capitalist Peter Thiel

And if you believe that one then I've got another one for you.

"There is no reason for any individual to have a computer in his home." - Ken Olsen, Founder and Former CEO of Digital Equipment Corporation, 1977

As a side note, I was under the impression that factory workers are part of the middle class and that these middle class workers do feel a bit threatened by tasks robots can already do and how fast they can do them. My bad. I stand corrected. Special thanks to billionaire Peter Thiel for setting me straight on all of this.

Forehead. Desk. Whack. Whack. Whack.

Sarcastic Monday is getting off to a fantastic start! This bodes well for the week ahead! Woohoo!

7 comments:

mab said...

Do we still have a middle class?

Ain't no middle class in the workers paradise.

Stagflationary Mark said...

mab,

Let them drive S-Class.

Stagflationary Mark said...

Mercedes? Nah. When underwater one must work smarter.

Anonymous said...

I'm pretty sure only people that work for TBTF Financial INNN-STIT-TUUUU-SHUNNNNZZZZZ (Gotta say that with a low voice) are middle-class now.

Everybody else is either a peasants or upper-middle class (oh, except for the upper-upper-middle class, of course).

Troy said...

http://research.stlouisfed.org/fred2/graph/?g=12EG

is a curious FRED graph.

blue is real per-capita defense spending. Nice cycle!

red is cannon fodder population (need to shift 3 years to the right, but close enough)

The 1980s DOD expansion coincided nicely with the demographic expansion; 1983 was peak age 18-27, and spending was elevated for the next 8 years, then the 1990s cutbacks hit.

2000s expansion beat the demographics, but now we're hitting peak population with falling spending.

Recruiters must be happy.

Back on topic, robots make fine soldiers.

http://www.businessinsider.com/common-unmanned-surface-vessel-2012-4

Stagflationary Mark said...

Anonymous,

We need TMCTF (Too Middle Class To Fail), but unfortunately the TMCTF lobby is very short on funding and therefore has very little political clout in DC.

Stagflationary Mark said...

Troy,

Textron says, "The unmanned vessels will keep the dull, dirty and dangerous jobs away from our personnel."

Naval Robocop, but have no fear. It will be at least a century before many middle ckass police and firefighting jobs can be done by robots. That's if the predicted robotic stagnation occurs of course.