This is more than a little bit disconcerting. This past week former President Barack Obama was in Milan Italy; paid €3,000,000 ($2.5+ million) to deliver remarks to an international summit on food innovation called “Seeds and Chips”.
During the Q&A segment of Mr. Obama’s performance he was discussing challenges to the global community and governmental policy amid the larger food production discussion. Part of the discussion involved the issue of technological innovation displacing the need for human labor within farming and the agricultural industry.
While directing the discussion of workforce displacement, Mr. Obama took the opportunity to expand the conversation into more general terms. What Obama said about labor distribution amid new and emerging economies is stunning. Perhaps even more stunning is the reaction from the European audience. (video prompted 44:36)
https://youtu.be/DzQIfzB4qS4?t=44m36s
(44:36 of video) […] This is a much bigger concern in the economy as a whole. And my guess is that ultimately what is going to happen is that everybody is going to have to work less and we’re going to have to spread work more.
But that is going to require a reorganization of the social compact. That requires we change our mindset about the link between work, income and value of people in the teaching profession, or in healthcare, or in certain things that cannot be done by AI or a robot.










