To be introduced by John Barton
By way of introduction we will show the 15min. film “Humans Need Not Apply” Which asserts is that almost all unskilled jobs as well as many professional jobs are going to be replaced by computer intelligence.
This suggests that there will never be enough conventional jobs for a significant and increasing proportion of the population who will need to be supported somehow. Added to this an ageing population will make increasing demands on the NHS and on pensions.
With an aging population and shrinking overall economy, almost everyone in employment might be employed looking after other people, and most of those will be in the public sector: Nurses and doctors, plus of course teachers, police, fire and rescue….
Does the private sector really pay for ‘the public sector? Traditionally, public spending is paid for by taxation on the private sector. Government spending (Total Managed Expenditure) is currently running at almost 50% of total GDP in the UK but might have to rise much higher.
On top of all this, we must not forget climate change and the need to stop emitting greenhouse gases, carbon dioxide in particular. The carbon intensity of the economy is reducing, but perhaps not fast enough. Is the growth model of the economy broken, as many environmentalists maintain? Does the private sector of the economy have to shrink as, regrettably, clean energy is more expensive than fossil energy.
Will a large number of people be permanently unemployed and unemployable through no fault of their own? What happens to taxation when most things that society does are essential necessities and luxuries are few? Does the income tax rate have to rise to 80% on top of other high taxes, which will be made less avoidable such as inheritance tax and a wealth tax?
Will living to an old age be seen as a luxury? Or will we be looked after by robots?
Will the new sturdy beggars face a life of being bullied by the state to seek non-existent employment, while governments are blamed for not providing jobs for everyone?
Humans Need Not Apply: https://www.youtube.com/watch?v=7Pq-S557XQU
An analysis of employment trends, via the BBC and speculation about the future. http://www.bbc.co.uk/news/10557724
Trends in society including the aging population are described in: