i think with AI we will eventually hit 99% unemployment. everything will become automated. researchers have already invented the memristor, the next big leap in computer technology. companies like Google, Amazon, Microsoft and IBM are investing billions into AI research, because we are so close to that technology already. considering the adoption rate of past new technologies, it could be completely adopted within 10 years of it becoming available on the market. we will see 99% unemployment within our lifetimes. what then? everyone is on welfare and we keep getting bigger and bigger welfare checks as the fully automated economy increases it’s productivity? maybe we shouldn’t do welfare, just open the military and universities up, you get paid to go to one or the other or both. of course there will be some jobs left, like the arts, maybe some invention and science but AI will be better at everything. i came up with Elastic Economy, its a transitional mechanism to transition our current economy to a fully automated one. here is the basic math of it. you calculate Total Work Hours, Total Workers and the Total Revenue generated by the economy. easy enough. you also calculate Productivity by dividing Total Revenue by Total Work Hours. then you calculate the Total Work Hours Per Worker by dividing Total Work Hours by Total Workers. then you link the Base Minimum Wage to Productivity. as the economy is automated, the Productivity increases, the Total Work Hours Per Worker decreases and the Base Minimum Wage increases. basically, you work less and less hours but get paid more and more per hour, to maintain your salary. the corporations dont necessary profit from automation but the workers do and since they do, they will be incentivized to help corporations automate. obviously not all industries will automate at the same rate so workers will probably have to retrain more than usual during the transition. we can even adjust the Maximum Work Hours Per Worker to create a slight worker shortage, which would incentivize corporations to train workers with no experience.
Of course, Zephyr. Change the subject because you can, you cheesy bastard.