Autonomous cars are coming!!!!
“Uber is accelerating its plan to replace its 1 million human drivers with robots as quickly as possible,” Uber Chief Executive Travis Kalanick said in a blog post Thursday. He also announced a partnership with Volvo to work on driverless car development and the acquisition of Otto, a driverless truck technology company (L.A. Times).
Good news for those looking for inexpensive, convenient and safe cab rides! Bad news for those employed as drivers.
The future will go one of three ways:
(1) Dystopian future where the masses are impoverished and unemployed because even though the future brings massive production with minimal human labor, humans were too shortsighted to develop a new economic system to bring those benefits to the vast majority of humans.
(2) Government pays people to play World of Warcraft.
(3) Basic income for everyone.
I can hear a libertarian saying, “Lion, you are STUPID, everyone knows that technology and the free market always creates new jobs!”