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Old 18-03-2017, 02:41 PM
wittyman wittyman is offline
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Re: The relentless rising cost of living in Singapore

Quote:
Originally Posted by Nato17 View Post
Case in point. Assuming there are 50,000 Uber/Grabcar drivers; when self drive less cars come into Singapore, these people will lose their jobs! BMW has announced that they will achieve Level 5 for driveless cars in 2021; 4 years time. It is NOT 50,000 people who have lost jobs, but 50,000 families will be affected. Add in Taxi drivers and also people who deliver food or other things; we are looking at job losses which will affect heck of a lot of families.

That is just driveless cars. Wealth Management is being replaced by AI advisors and even telephone operators are going to be replaced by Chatbots.

I really fear that we are totally unprepared for things to come.
not only SG, everywhere same ...

the innovation will create more wealth for less people and cause more social problems ... but people will still can cope with it ... in the long term