Dr. Rebane’s post has several good links. The focus of his discussion is the prospect for job creation in the future, and the concern about what the America workforce will do when the economy we currently know is gone — and it is going away fast.
This is a topic that has repeatedly surfaced in discussions about the book. The question of what the future economy will look like, and what people will do once the existing world of “jobs” has gone away, is frightening. We predict that the productive power that is becoming available will collapse the cost of living. It will liberate people to work on projects and tasks of their own choice, rather than be driven by necessity, to a degree that is only known by the very wealthy today. So far, the elimination of older and less productive technology has had the effect of generally increasing wealth throughout society, though there are losers and winners in the transaction, and some people do better than others. Part of the problem is we are familiar with the world that is fading away and we find it hard to imagine something radically different. Think for a moment about what the American Founders would have thought if you told them that in two centuries less than five percent of the people would be engaged in growing food. They would have been astonished, and wondered what on earth everybody could be working on. Human beings are assets. They are creative. Adam Smith famously wrote: “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.” We cannot imagine what the ingenuity of the American people will produce in the decades ahead, with the astonishing tools that will be available to them. Mostly, we need to get out of their way and let them start building the America 3.0 that is already starting.