A thought-provoking look at the impact of massive automation on existing labor practices by C.G.P. Grey.
We have been through economic revolutions before, but the robot revolution is different. Horses aren’t unemployed now because they got lazy as a species, they’re unemployable. There’s little work a horse can do that do that pays for its housing and hay. And many bright, perfectly capable humans will find themselves the new horse: unemployable through no fault of their own. […]
This video isn’t about how automation is bad — rather that automation is inevitable. It’s a tool to produce abundance for little effort. We need to start thinking now about what to do when large sections of the population are unemployable — through no fault of their own. What to do in a future where, for most jobs, humans need not apply.