The downfall of this is where our current economic system projects us :
Developers make AI and machines capable of replacing farming, mining, power generation, resource refinement completely, except for technicians and mechanics.
It isn't far off from the same machines entering the human service workforce, replacing the cashier and drive through clerk. They replace cars and planes (already have auto pilot, google car in ~10 years).
At this point, we have crisis. Our current system has you buying a good and the company providing it making the money. If the company consists of hundreds of technicians as its only labor force because the entire production process is automated (your big Mac is farmed by robots, overseen by robots, butchered, packed, shipped by robots, cooked by robots, and served by robots) and the ~$5 you pay for it goes entirely to the company coffers.
It would not take long for everyone's wealth to trickle into the hands of the few hundreds of people positioned to rule over the production of 99% of goods. It is kind of like what OWS is doing right now, but much worse. There is no fast food job for the high school grad to do - you must learn engineering, art, or hard science to have any function to society, because any rote task or even service job has been replaced by robots.
And then they replace the mechanics and programmers with genetic algorithms. The company becomes a siphon of any money they make straight into the stock holders. And there would be no employees, because everything is automated. You don't even need an engineer to watch the top level of maintenance bots, because you have 10+ of them and they know how to fix themselves.
The end result though is that we have this situation where we pay money for what robots do, not people, and the money just goes to those that funded the robots original creation forever. That kind of situation would not last long, but it would be nice to avoid. It will require a huge reinterpretation of any viable economic system when you can make goods and provide services without any human interaction.
Developers make AI and machines capable of replacing farming, mining, power generation, resource refinement completely, except for technicians and mechanics.
It isn't far off from the same machines entering the human service workforce, replacing the cashier and drive through clerk. They replace cars and planes (already have auto pilot, google car in ~10 years).
At this point, we have crisis. Our current system has you buying a good and the company providing it making the money. If the company consists of hundreds of technicians as its only labor force because the entire production process is automated (your big Mac is farmed by robots, overseen by robots, butchered, packed, shipped by robots, cooked by robots, and served by robots) and the ~$5 you pay for it goes entirely to the company coffers.
It would not take long for everyone's wealth to trickle into the hands of the few hundreds of people positioned to rule over the production of 99% of goods. It is kind of like what OWS is doing right now, but much worse. There is no fast food job for the high school grad to do - you must learn engineering, art, or hard science to have any function to society, because any rote task or even service job has been replaced by robots.
And then they replace the mechanics and programmers with genetic algorithms. The company becomes a siphon of any money they make straight into the stock holders. And there would be no employees, because everything is automated. You don't even need an engineer to watch the top level of maintenance bots, because you have 10+ of them and they know how to fix themselves.
The end result though is that we have this situation where we pay money for what robots do, not people, and the money just goes to those that funded the robots original creation forever. That kind of situation would not last long, but it would be nice to avoid. It will require a huge reinterpretation of any viable economic system when you can make goods and provide services without any human interaction.