June 6, 2016

Why we have to change how we think about money

Tech Radar

Moshe Vardi, professor at Rice University, Houston, delivered a talk to the American Association for the Advancement of Science's exploring one central question: "If machines are capable of doing almost any work humans can do, what will humans do?"

Vardi reckons that half of workers across the globe will be replaced by machines within the next 30 years, wiping out middle-class jobs and "exacerbating inequality". He noted that robots would take over in many spheres of life, including almost fully automated driving (which he predicts will arrive in the next 25 years) and sex robots.

As the Guardian reports, he also observed that this future is likely to mean humans have much more leisure time - indeed we may only work a handful of hours per week, with intelligent machines being relied upon to pick up all the slack.

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