Economic Robot Revolution
If robots automate all of our jobs, what use will the goods and services they produce be without people who can afford them?
That’s the big question posed by Electronic Engineering Journal‘s editor-in-chief, Kevin Morris, who defines the moment robots and artificial intelligence surpass humanity’s abilities in the workforce as an “economic singularity” — and suggested that it could lead to dire consequences for us humans.
In a new essay for EE Journal, Morris paints a picture of a world in which society has passed that singularity: robots and AI have taken all the jobs, and now they plug away, manufacturing goods that a world of unemployed humans can’t afford to buy.
Morris suggests that the economic singularity is the natural endpoint of