Is the automation of what has traditionally been human work inevitable?
I know what you’re thinking – there’s some things that robots can do well, but there’s a lot of things that they can’t, and it will be a long, long time before they can match or outperform humans in these tasks. Construction, food preparation, agriculture, mining, manufacturing… while many of these jobs can be automated, my job absolutely cannot be taken by a robot. I’m safe.
Sorry, but that argument is deeply flawed. Thanks to accounting conventions and tax laws dating back centuries, a robot doesn’t need to be better – or more efficient – than a human being at a task to make a business more profitable. It just needs to be 34% as good, or 11% as good, depending on that business’s accounting and amortization policies. —Hatcher Blog
It seems that our bookkeeping systems, developed hundreds of years ago, are the main culprit in edging out human labour in favour of technological capital. John Sharp, Partner at Hatcher, thinks part of the solution is a guaranteed universal income. I agree that this is part of it, but we also need to radically change our education and training systems. This cannot come soon enough, as 43% of senior executives see the “robotic automation of processes” as a high priority over the next two years. As difficult as it has been to earn a decent wage, in spite of rising productivity for the past several decades, it seems it will get even tougher.
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