Comment Re:Foxconn Factories' Future: Fewer Humans, More R (Score 3, Insightful) 187
Actually, reviewing U6 and discouraged workers, we are at record levels of unemployment. Close to 25% of the working age population isn't working. They are going on disability early, retiring early- but many 16 to 54 year olds who worked in the past are not finding employment. I know several people in this category.
It is much rougher for 30 year olds than it was when I was 30. Some retrain and then the job they were training for is swamped by so many applicants that wages are supressed.
I was hoping retiring boomers would take up the slack but I read 80% of them have no under $20,000 savings and will not be able to voluntarily retire. Plus boomers in good slots are simply continuing to work and have no intention of retiring and letting those slots open up to younger people. By the time this group dies or retires at 77 to 82- the generation behind them is nearly at retirement age- never having had the good earnings years the generation before them had.
Advances in AI will make it possible to replace large swaths of 'smart' and 'creative' jobs by 2050. And they won't even consider that to be "real" AI by them. Whenever we get a real AI, it will be a massive paradigm shift. Robotics already have superhuman performance when "plugged" in . So an easily clonable AI combined with super human bodies obsolete humans overnight.