When Robots Replace Human Workers (Harvard Business Review)
Progress in information storage and processing have made possible the creation intelligent machines at amazing speed that will soon dominate the world economy and devalue human labor:"This is why we will soon be looking at hordes of citizens of zero economic value."
There is a term now used called "the Second Economy" which describes that portion of the economy where machines/computers interact only with other machines/computers. Economist Brian Arthur of the Santa Fe Institute predicts that by 2025, the Second Economy may be as large worldwide as the First Economy, and 100 million workers will be displaced.
Today robots are only capable of doing the work the work of a person of average intelligence, but if the rate of increase of robot IQ is only 1.5 per cent per year, by 2025, robots could have IQ levels higher than 90 per cent of the US population.
Already robots have been shown to be superior in performance than anesthesiologists and radiologists, two jobs in the medical field that have required highly trained (and expensive) workers.
ref http://www.e-catworld.com/2014/12/10/mfmps-project-dog-bone-thread-update-1-first-test-on-dummy-core/
