Finally, we will discuss why a basic income guarantee doesn’t threaten capitalism in any way. Furthermore, you’ll explore why the internet sector won’t save the middle class and that government intervention is needed to handle automation. You’ll also examine why automation doesn’t just threaten blue-collar workers, but white collar ones as well. In this book, you’ll learn about how scientists have been predicting the risks of automation for decades. In order to prevent this from happening, he proposes a solution: A basic income guarantee should be given to all citizens in America. He thinks that people will have less money, which may affect their spending habits. Martin Ford believes that advances in automation will lead to the destruction of jobs and a crisis for the entire economic system. This means we might see solutions for climate change, diseases, and space travel in our lifetime. Furthermore, we can learn about anything thanks to online learning resources and scientific advancements in medicine and space exploration. Ray Kurzweil has said that if you have a smartphone, you’re basically carrying around billions of dollars’ worth of capability by the standards of just a few decades ago. We have access to technology that our grandparents never had. In many ways, being alive today is a good thing. 1-Page Summary of Rise of the Robots Overview
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