Weekend Roundup: 5 Million Jobs Lost to Robots and Inequality Too Vast to Last
Huffington Post - about 1 year
As global elites gathered in Davos this week, the World Economic Forum released a daunting survey that estimates that 5 million jobs will be lost across the world in coming years to robotic automation. Oxfam also reported this week that 62 ultra-rich individuals held as much wealth as the poorest 3.5 billion people on the planet -- inequality too vast to last.
While globalization and rapid technological advance empower some with unprecedented possibilities, they dispossess others, causing growing gaps in power and wealth that lead in turn to fear, resentment and violence. In this one world a race is on between the two consequences of change. As Jo Confino writes from Davos, "rapid advances in technology are pulling the world in opposite directions."
The fearful and fearsome reaction against growing inequality, social dislocation and loss of identity in the midst of vast wealth creation, unprecedented mobility and ubiquitous connectivity is a mutiny, really, against globalization
Huffington Post article