October 25 2008 / by John Heylin
Category: Business & Work Year: Beyond Rating: 5 Hot
Marshall Brain, founder of How Stuff Works, gave a presentation on how robots can easily eliminate half the workforce of the United States fairly soon.
He said that by 2042 there will be $500 desktop computers with computing power equal to the human brain. We can then put this into a robot which will have the power to do jobs that millions of people hold today. Robots can easily take over education, transportation, construction and retail jobs.
For example: Walmart alone has over 1.2 million employees, performing easy jobs. If robots take the jobs, “a million jobs at Walmart will evaporate.”
But what about the job market?
6.5 million in construction will be gone. 16.4 million in manufacturing will be gone. Retail/wholesale will lose 20 million jobs. Drivers will lose 3 million jobs. Education to lose 2 million.
“Half the jobs in the economy right now we can see robots taking over.”
He ended with the question displayed “What if 50-million people became unemployed?” He then said “there is no doubt these jobs will be gone fairly soon.” We have to start modifying our economy to deal with the mass unemployed.