There is no holding back progress. With the coming advent of many of the technologies broadly referred to as the Internet of Things, it is only a matter of time until major disruptions start occurring across industries. Things such as the advent of self-driving cars will radically transform the ways in which industries like transportation, logistics and warehousing are carried out. Although this will certainly put many people out of work, there will be huge benefits that more than outweigh the costs.
At least this is the vision of the coming future according to Jason Hope, one of the most successful internet entrepreneurs in America. Hope readily acknowledges that the technologies that the Internet of Things will bring to industry and into the lives of everyday Americans have the potential to radically disrupt the current employment market. Hope says that the driving professions alone employs more than 3 percent of the current total workforce. He says that all of these people are in imminent danger of losing their jobs over the next five to ten years.
What’s more, Hope says that many of these jobs are on the lowest end of the skill spectrum, making it reasonable to expect that these drivers will not be able to be successfully retrained for jobs. This is particularly true, says Hope, due to the fact that other industries are quickly eliminating their most entry-level positions. Fast food, for example, is going to a primarily kiosk-based system, vastly reducing the number of employees needed to run a given franchise. Hope believes that this will lead to a widespread employment shortage, necessitating a radically new system of social welfare programs that will be able to take care of these employees who can no longer find work.
For this reason, Hope says the incredible savings and efficiency gains yielded by technology such as driverless vehicles and automated customer service kiosk should be poured back in, at least in part, to the creation of a universal basic income for all unemployed people in the United States.
Hope believes this is not only the humane thing to do, but that it will as finally achieve the vision of the original technologists, the dramatic reduction of menial labor.