Rising machines

From The National Interest: “Machines are about to get very good at doing a range of tasks that human beings have historically been paid to perform. By some estimates, half of current jobs are in danger of being replaced. If anything close to this happens, a smaller and smaller share of the human population will possess skills that make them more productive than machines. As a larger supply of labor competes for fewer jobs, wages will fall for most, or dry up entirely. The owners of capital and property, physical and intellectual, will triumph.”

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