This blog post is a good argument as to why the robots are coming, robots are coming for all our jobs is such a nonsense argument.
The robots are coming in industrialised countries is nothing like that technological transformation that will take place in less developed countries. All of them without exception who made the transition from being very poor to very rich did so with full employment.
Both The Economist and The New York Times magazine have touched on the issue of machines now taking over the jobs of humans with the developing economies being especially vulnerable. A study from by Carl Benedikt and Michael Osborne of Oxford University found that 47% of jobs in the US were at risk to technology. However the same authors found poorer countries are at a much greater risk e.g.
% of jobs at risk
- India – 69%
- China – 77%
- Ethiopia – 85%
There are two reasons for this:
- Jobs in the developing world tend to be less-skilled
- The vast majority of the production of goods and services have not yet embraced technology on a significant scale and therefore are open to change.
Having surplus labour is attractive to manufacturers as this will keep wages suppressed. However investment in robots can be repaid in less than two years so labour…
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Utopia, you are standing in it! 
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