My kid's generation doesn't really have a shred of hope, does it?

[BlindTiresias]

205. Your assessment is essentially correct.

The people saying we will just plow through this with grit and determination are part of the problem, because they are insisting on an individual solution for a structural problem. Individuals who say that automation is exactly the same as industrialization are also incorrect and economically as well as politically illiterate. The problem with this position is twofold: First, automation is distinct from simple industrialization in that industrialization multiplied productive efforts but still demanded a large body of labor, automation has no such problem as the core phenomenon of automation is exactly the removal of this body of labor while simultaneously multiplying productive efforts. Secondly, even if we grant that humans will still have a large place in an automated economy the question of what to do with the wealth generated by these productive enterprises is entirely a political one. On average, life got much worse for most people after industrialization and it was only through organized resistance and violent action that gains were made to make the economy more livable for people. We have no such resistance today as the left has been broken and the post-left liberals have essentially signed on to the same economic theories as the right wing. That itself bodes ill of harnessing automation in a positive way and, at this point in time, suggests a greater likelihood that things will get more darwinian and the elite will double down on the existing ideology that preserves their power.

I will also note to everyone saying it is "not that bad" because some jobs will exist: Look at how much we were hurting with 10% unemployment. Now imagine 20% permanent structural unemployment and, at best, a diminished welfare system marked by perennial lockdowns, controversies, instability, and an increasing amount of gatekeepers to ensure only the "worthy poor" are getting their pittance. Let us extend that further to 30 or 40% structural unemployment and combined harried temp work. It does not matter if some people can find work, obviously this is the case, but as a society we will be torn apart by an automation that is not being managed by political forces, rendering any individual solution simply a mix of desperation, blindness, and the same individuated greed that enables this phenomenon.