General Billionaire Mark Cuban: The Rise of Technology Will Cause a Lot of Unemployment

[Freeloading Rusty]

Billionaire Mark Cuban: The Rise of Technology Will Cause a Lot of Unemployment

Billionaire Mark Cuban made an appearance today in New York City's Central Park at the second annual "OZY Fest", and he didn't disappoint.

Naturally, the conversation first gravitated towards President Trump, with moderator Carlos Watson leading a panel that also included Republican presidential candidate Jeb Bush and comedian Samantha Bee. Watson first asked if any of the panelists would join President Trump's cabinet.

Cuban proclaimed that he wouldn't join Trump's cabinet, but he would meet with the President to converse about the state of our nation.

When it was Jeb Bush's turn, the former governor simply replied: "Let's move onto something [more] fun."

Watson then shifted gears to the hot-button topic of police brutality.

"I think every city is different," Cuban responded when asked if our police system nationwide is broken. "Different forces in different cities have different cultures."

Cuban also touched upon artificial intelligence during a one-on-one panel with Watson.

"However much change you saw over the past ten years with the Apple (AAPL) iPhone, that's nothing," Cuban continued. Cuban also claims that Montreal and China are "kicking our ass" with artificial intelligence.

Cuban also expressed concern about technology usurping the current standard of everyday business practices, leaving many unemployed.

"There's going to be a lot of unemployed people replaced with technology and if we don't start dealing with that now, we're going to have some real problems," said Cuban.

Dubbed as "TED meets Coachella", OZY Fest marries music, intellectual thought, food, and comedy into an all-day festival under the foliage of Central Park. Featuring a medley of speakers, this year's lineup is headlined by pop star Jason Derulo, HBO's Issa Rae, celebrity chef Eddie Huang, news anchor Katie Couric, and drag superstar Ru Paul.

 

[Hauler]

this year's lineup is headlined by pop star Jason Derulo, HBO's Issa Rae, celebrity chef Eddie Huang, news anchor Katie Couric, and drag superstar Ru Paul.

Holy Jesus.
And I thought some of UFC's cards were garbage. What a shit show.

 

[Hauler]

Cuban does have a point though.

Hourly wages are steadily increasing along with the costs to employ humans. At the same time, technology is steadily becoming a cheaper option. The jobs people are bitching about needing $15/hour to make it worth their while eventually won't even exist anymore.

 

[kaladin stormblessed]

im a big fan of cuban. wish he'd run for president, but i doubt he ever will. seems like more of an activist than a politican, and i cant blame him for that. fuck being the president and having to use personal body guards for the rest of your life

 

[member 1013]

Cuban does have a point though.

Hourly wages are steadily increasing along with the costs to employ humans. At the same time, technology is steadily becoming a cheaper option. The jobs people are bitching about needing $15/hour to make it worth their while eventually won't even exist anymore.

Then what happens?

I'll tell you.

Madness on the streets.

Packs of wild kids roaming major cities.

Robot cops arresting them.

 

[Hauler]

Then what happens?

I'll tell you.

Madness on the streets.

Packs of wild kids roaming major cities.

Robot cops arresting them.

40 years of darkness
Earthquakes
Volcanoes
The dead rising from the grave
Human sacrifice
Dogs and cats living together

Mass hysteria.

 

[seekntruth]

I'm not far from ditching a lot of my technology, I ditched my cell phone and Internet for months at a time before, and real life was much more enjoyable without those shackles. I succumbed to everyone in my life bitching about how hard it was to get up with me. God forbid, someone have to write an actual letter or making a 10 minute car ride to stop by...fucking useless cunts.

Right now my furniture business is mostly internet based, I'm thinking of ways to transition away completely without losing a ton of income. I'm planning a move this year, so I'll get a better idea of what I need to do then. My current geographical location hurts my local sales prospects as the dumb fucks I'm surrounded by are cheap and content with box store quality and I don't fuck with building trash.

 

[Deleted member 1]

If technology becomes cheaper and cheaper, do you need as much employment to maintain a high lifestyle?

Do the poor simply become pretty well-off instead of extremely well off?

Does this all get fixed if we stop measuring work in hours?

I think there will be some serious and dynamic shifts in the marketplace as technology allows continued exponential output per person. But I don't really buy some of the boogeyman that has been going on in the media lately. And I definitely don't trust the Zuckerbergs of the world pushing pay models that so clearly benefit them

 

[otaku1]

Holy Jesus.
And I thought some of UFC's cards were garbage. What a shit show.

I stopped at ru Paul.
Like, you know...

 

[BrunoMcGyver]

In a way technology's helped me a bit when it comes to my employment...Right now I'm able to work from home doing tax-related work because of the internet and the ability for people to send documents online and the ability to lodge tax returns electronically. I can also earn a side income from delivering food with UberEATS from using a phone. I also write on occassion, all of which I do via the net with jobs I earn through using websites like Upwork.

However, I do think technology has made things a lot more competitive, and price wise it's been a fast race to the bottom for a lot of industries. I think the argument thhat the best will always get paid well doesn't ring true.

In my experience, a lot of (but certainly not all) people want somone who asks for the least amount of money - they'd rather take someone who'll do a 3-star job at low-pay then someone who will do a 5-star job at good pay.

That's what worries me the most, that there is, and will be a growing class of people struggling to have a good financial life because their skills don't matter as much anymore.

 

[Disciplined Galt]

I am off the grid, kind of.

 

[Wild]

I'm in the Sales/Customer Service business. They ain't replacing me with shiiiiieeeet. Suck my balls technology.

 

[member 3289]

Then what happens?

I'll tell you.

Madness on the streets.

Packs of wild kids roaming major cities.

Robot cops arresting them.

The Long Night is coming.

 

[member 3289]

I'm in the Sales/Customer Service business. They ain't replacing me with shiiiiieeeet. Suck my balls technology.

No computer in the world can convince any farmer in all of Appalachia to buy a certain brand of pig feed quite like you can.

 

[BrunoMcGyver]

I'm in the Sales/Customer Service business. They ain't replacing me with shiiiiieeeet. Suck my balls technology.

What if technology, one day, allows people to easily access the thing you are selling, thereby making your sales skills less of a necessity?

 

[Disciplined Galt]

The world will always need people like me.

 

[HEATH VON DOOM]

There will always be 10 year old kids in Bangladesh that will make your nikes cheaper than technology.

 

[Pitbull9]

They already tried replacing my line of work and it didn't work.

 

[Sweets]

People will always want to eat and no robot is ever going to be a line cook, this aint McDonalds.

 

[seekntruth]

They already tried replacing my line of work and it didn't work.

I think you'd be surprised...

 

[kneeblock]

Cuban is right and he already had that conversation with this administration.

 

[Leigh]

Whenever I hear this statement [that technology will lead to unemployment] I point to history. We have record low unemployment and technology is more advanced than ever.

Engines replaced lots of workers on farms. Computers mean one person can do the work of many. Online trading has reduced the need for cashiers, bank tellers and even doctors.

Yet people still have jobs.

 

[member 1013]

Whenever I hear this statement [that technology will lead to unemployment] I point to history. We have record low unemployment and technology is more advanced than ever.

Engines replaced lots of workers on farms. Computers mean one person can do the work of many. Online trading has reduced the need for cashiers, bank tellers and even doctors.

Yet people still have jobs.

Name one person you know with a job

That's right u cant

 

[Leigh]

Name one person you know with a job

That's right u cant

Do blow jobs count?

Cos I still don't have a job if they do

 

[Wild]

What if technology, one day, allows people to easily access the thing you are selling, thereby making your sales skills less of a necessity?

I don't think that's going to happen in my lifetime.