What I Learned This Week

Will we all become “useless people”?

In 2018, the ordinary man does not need to understand the complexities of AI and biotechnology to sense his accelerating irrelevance. Despite the gains in the stock market, he continues to lose ground economically.  Job security is fast becoming a distant memory.  In America, 12% of prime-aged men are without jobs, according to estimates by the Brookings Institute.   That number has grown steadily over the past 60 years, but it could triple in the next 30 years because of the relentless pace of technological advancement. It could be even worse for some parts of the population—the rate for unemployment of young male African Americans, for instance, is likely to reach 50% by 2050. An analysis…

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