James Altucher Quotes

A new era of production has begun. It's principles of organization are as different from those of the industrial era as those of the industrial era were different from the agricultural. The cybernation revolution has been brought about by the combination of the computer and the self-regulating machine. This results in a system of almost unlimited capacity which requires progressively less human labor. Cybernation is already reorganizing the economic and social system to meet its own needs .... As machines take over production from men, they absorb an increasing proportion of resources while men who are displaced become dependent on minimal and unrelated [to their work] governmental measures—unemployment insurance, social security, welfare payments.

The hollowing out of the middle class. That's not just about capitalism or the structure of taxation. That is also about the fundamental truth that machines can do a lot of things better than humans used to do. A lot of those people are being pushed down to do less value-adding jobs, so they get paid less money.

I believe that society needs to confront this question before it is upon us: If machines are capable of doing almost any work humans can do, what will humans do?

I don't buy into the dystopian scenarios of self-aware robots enslaving mankind, but you don't have to be a sci-fi conspiracy theorist to acknowledge that plenty of good, well-paying jobs are being taken over by machines.

We are entering a new phase in human history - one in which fewer and fewer workers will be needed to produce the goods and services for the global population.

The role of humans as the most important factor of production is bound to diminish in the same way that the role of the horse in agricultural production.

The world of A.D. 2014 will have few routine jobs that cannot be done better by some machine than by any human being. Mankind will therefore have become largely a race of machine tenders.

The promise of artificial intelligence and computer science generally vastly outweighs the impact it could have on some jobs in the same way that, while the invention of the airplane negatively affected the railroad industry, it opened a much wider door to human progress.

At the end of the day, the truth is that if - when - robots prevail, so many vocations will actually become close to impossible. Save for the profession of making robots, that is.

Advances in automation, artificial intelligence and robotics, while increasing productivity, will also cause major upheavals to the workforce.

Trends such as skills imbalances, the gig economy, and digitization are transforming work so quickly that policy creation is lagging behind.

The robots are coming, whether we like it or not, and will change our economy in dramatic ways.

My honest answer to what's going to happen to the future of jobs is I don't know.

Sooner or later, the U.S. will face mounting job losses due to advances in automation, artificial intelligence, and robotics.

While I can't tell you what people are going to do for work 100 years from now, the future doesn't hinge on my imagination.

The progressive integration of new technologies in our economy amounts to a paradigm shift with a profound impact on the context and content of work.

To be sure, robotics are not the only job killers out there, with outsourcing stealing far more gigs than automation.

Automation is no longer just a problem for those working in manufacturing. Physical labor was replaced by robots; mental labor is going to be replaced by AI and software.

In many cases, jobs that used to be done by people are going to be able to be done through automation. I don't have an answer to that. That's one of the more perplexing problems of society.

Technology and robotics are advancing and will reduce the need for workers in the future.

Pretty soon we'll have robots in our society, you're going to have a lot of automated processes that used to be done by people - this is happening. Society and technology is changing so fast, and the impact of the change on society and technology is global, not local.

Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'

The optimism that many felt in the 1960s over labour-saving technology is giving way to a fearful question: 'Will your labour be good for anything in the future? Or will you be replaced by a machine?'

If you look at it from just a pure economic basis, technology is replacing all of the jobs robots can do, and machinery is replacing the jobs that humans once held. If we don't train our children to imagine, to create, they're going to be unemployable.

I think there is an enormous sea change happening in the global workforce. It has a lot to do with globalization. I think that people used to have a hope for a career or meaningful employment, and its been reduced to internships, part-time work or just grossly underpaid work.