The gist of the letter was discussing the fact that technology is accelerating the replacement of human capital with software and machines. It is a fact. Bill rightly suggests that if this continues on course (which he believes it will) we will find ourselves in a jobless society. He describes a future where jobs are no longer part of societal life. Bill includes an excerpt from Andy Stern’s Raising the Floor,
“a policymaker – a future President or Prime Minister – must recognize that existing government policies have “built a whole social infrastructure based on the concept of a job, and that concept does not work anymore.” In other words, if income goes to technological robots whatever the form, instead of human beings, our culture will change and if so policies must adapt to those changes.”
To this proposition Bill then proposes a solution,
“What should the policy response be? Retraining and education sound practical and are at the head of every politician’s promised ticket for the yellow brick road, but to be honest folks, I doubt that much of it will be worth the expense.
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