Re: Layoffs, yes, but many higher level tasks remain undone
@ashu001- I'm not 100% sure the invisible hand even operates as expected these days. Even Smith suggested it had its limits. The economy, as Gartner said two weeks ago, is increasing run by algorithms. They might be the new invisible hand.
At any rate, there may simply be no market at the point of 100% robot takeover. It may be paradise or the opposite. It may be like we're adult babies in a giant robot day care with nothing to do all day. I don't know.
The one thing that is true as much as it is fun to be futurist about it is that we've got a very real transition to make before we get close to robot nirvana. It is the task of yet again, rethinking what work means. We've done it before. The industrial revolution chaned work in so many ways we had to create a concept of a work week of 40 hours instead of one run by the seasons.
We will need to rethink work in the information age more than we've been willing to do so far.