Automation will conquer most of the workforce, especially in the production line. However, i dont think man will lack what to do to raise money. We adapt everyday to the evolving nature of work as a whole. Just like in the now, in the 'then' those who fail to adapt to the new work trends will drop like diseased cattle from poverty.
But, the future will definitely be brighter in terms of poverty reduction. Resources will be shared "almost" equally and the gap between rich and poor will be reduced too.
crypto-currency tech may be very helpful then.
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I want to take a focus on this phrase you used, "will drop like diseased cattle from poverty". it is almost if you speak as if that is your wish? Is this true? Do you realize it doesn't have to be that way at all? That poverty itself ONLY exists because we use money, or other similar forms of exchange? On a much more positive note, I do like how you mention that the gap between rich and poor would eventually be lessened, but, why do that when we can eliminate the problem as a whole? I can explain how that can be if you wish. There is no real need to use money (or similar things) if we make our goal to create abundance. Money only exists because resource "scarcity" exists, right? Thanks for commenting. <3
@abbernard Thanks for earlier reply and putting me straight on the value function of a fixed supply currency. I fully accept what you mean about the value soaring if uptake rises rapidly (for example if Amazon starts accepting Bitcoin.) I also agree that the potential exists that we will adapt to the new reality when the estimated 47% of jobs in the workplace disappear over the next decade. I think blockchain, decentralised ledgers could play a part in this. However most of these will be white rather than blue collar. However, sadly, I don't share your optimism about reduced inequality or reduced poverty. I believe we will be led towards a Universal Income Guarantee in the absence of anything approaching full employment. I believe unemployment will be running at about 40%. Here in the UK we have seen its pilot in the form of Universal Credit. This has exacerbated poverty and inequality with an increasing use in food banks, more evictions, rising homelessness worse health outcomes and, for the first time in modern history, rising death rates. What we will get is more of the same I'm afraid.