LessWrong53m agoenergy 126

Compensating the victims of automation is economically beneficial

It is likely that we see a wave of jobs automated away in the coming years. Already software developers, artists and mathematicians are standing at the precipice, and other careers are sure to follow. Responses range through denial, anger, bargaining, depression and acceptance. Some fight to prevent automation, others have already attempted to switch careers or focus. But few suggest that they will accept their job loss so long as it comes with a decent payout. However I believe this is likely the best option - not just for them, or just so that we can buy them off to prevent them blocking automation, but because of fundamental uncertainty about what and when different jobs will be automated. Consider someone considering studying medicine today. After 8 years of education and 3 years of residency, they hope to be able to eventually earn decent pay and work less crazy hours. By that stage they'll be hundreds of thousands of dollars in debt. They have no idea how the world might change in 11 years and they might reasonably consider that career choice too risky, and instead start earning immediately in e.g. a physical apprenticeship. This applies to numerous fields, from potential tax

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