There are incredible technologies on the very near horizon that can change the world in very dynamic ways. Everything from near free energy and energy independence at the user level, potable water from sea water at a very low energy cost, grabbing RF energy from the air and converting it to usable power, more advanced robotics and artificial intelligent with the ability to understand the abstract, which in turn can basically replace humans in most labor functions.
TED is an incredible program that we all should follow in order to save the planet and mankind. This is a clip of one TED presentation dealing with nano technology. Please watch.
However as exciting as these prospects of the near future are, there is a dark side to what is being developed. How can there be a dark side to such amazing technologies? You ask.
The dark side is that as these technologies come online, there is less need for humans to produce the product and services we all need. Therefore the demand for human labor will be very small and those who do work will have incredibly high technical and engineering skills and the scientists who continue to explore our universe. All others will be out of work.
How do all these non-employed human survive? How do they earn enough money or whatever to exchange for the goods and services they need. Some suggest that the cost of these goods and services will fall to such a low level that it will take very little money to purchase what a person needs, because the core costs to make it is so little with very long lasting, self repairing and self design improvement informatics and robotics. But still how does a person create some form of value that can be used in exchange for currency?
After all that is what employment has all been about, you perform some task of value to create a product or provide some service that can be sold for something of value, that you use in exchange for products and services you need. However if automation replaces the human value, then they are the ones of value to any enterprise, not a human.
But they don't consume at the same level as humans, so there is still demand for goods and services by humans who have no value to exchange for it. No one has an answer to this very complex problem as we are already witnessing the escalation of this dilemma in the first decade of the 21st century.
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