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Is a new economic model needed

MCel58

Demented Hen
Joined
Sep 29, 2014
Messages
960
The world economic forum have said that we are at the beginning of a 4th Industrial revolution predominantly created by big data, IoT, 3D printing, AI, machine learning and robotics and increase in service based intangible products. It suggests that 7.1 million jobs will have disappeared by 2020 to be replaced by only 2 million new types of Jobs. It also suggests that this rate of conversion will only accelerate in the next 10 years.

The digital disruption of our economies is just going to get faster, but where are the debates in every country on new models and responses in new skills planning, universal income models, technological, social and political impacts.
Switzerland has been looking at universal income models but it is difficult to see how a single country responds to such a global phenomena.

Do we need a new economic model for the 4th Industrial Revolution? How does the political situations created by Brexit, Trump etc affect us at a time of potential massive employment change?
 
It will never happen.

The economists who earned a living by saying that technology always creates more jobs than it destroys are not about to change their tune just because the facts indicate otherwise and politicians are only interested in serving the top end of town - not the bums who "chose" to lose their livelihoods.
 

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