Most societies and economies face “structural” challenges at an ever increasingly rapid pace. Of course, this has been the case throughout history… Iron Age? Industrial revolution anyone?
Developed economies [such as the US and Australia] are predicated on policy assumptions around education, training and labour-markets that are increasingly fragile and certainly formulated “decades behind” where the realities of modern labour markets are operating. Policies that are mere “years behind” are perhaps also just as irrelevant.
A timely piece from Russell Brandom [@russellbrandom ] writing for the verge, positing the future of work [more broadly] and the specific challenges faced by writers and journalists – How to Teach a Robot to Write.
First, the robots came for the switchboard operators. Then, the chauffeurs. Now, it looks like the ink-stained journalist is next on the list.
Last week, the Associated Press announced it would be automating its articles on quarterly earnings reports. Instead of 300 articles written by humans, the company’s new software will write 4,400 of them, each formatted for AP style, in mere seconds.
Perhaps a slightly more darker [depending on your point of view] but no less salient observation of the results of modern economies and the structural challenges of rising inequality, I read this piece shortly after Nick Hanauer’s [ @NickHanauer ] “wake-up call” in politico.com – The Pitchforks are coming…… For Us Plutocrats.
As an entrepreneurial “Zillionaire”, Nick makes his observation of what is happening, what will happen and how we should respond to growing inequality, directly and without gloss.
Two voices in the growing concern of global inequality are worth reading. The challenge of what next? may come sooner than we all think..