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How should we prepare for a world in which there aren’t enough jobs to go around?
We’re already seeing the impact that automation is having on the world of work – and these changes are only set to amplify in the years to come. Contrary to popular belief, many high-skilled jobs are among those under the greatest threat from artificial intelligence, so every sector of the economy must prepare for an increasingly automated future. What will society look like when there is less work available for everyone?
Technological progress could bring about unprecedented prosperity, thus solving the age-old problem of making sure everyone has enough to live on. The challenge, says economist Daniel Susskind, will be to distribute this prosperity fairly, contain the power of Big Tech, and find meaning in lives that no longer have work at their centre.