How will the convergence of AI and robotics affect the labor market?
Replied byRay Dalio
Founder at Bridgewater Associates
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Westport, Connecticut, United States
Started: 1975
Machines will replace both physical labor and cognitive tasks, which will squeeze out average workers. The share of business revenue going to workers will decline, while the share going to capitalists who own the technology will rise, widening the wealth gap.
0
From the Full Interview
This answer is part of a full interview with Ray Dalio, Founder at Bridgewater Associates.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Ray Dalio's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
Where will the next generation of trillion-dollar tech companies emerge from?
By Paul Graham
Finance
Not Publicly Disclosed/mo
Why do you believe financial markets will remain inefficient despite advancements in computational processing?
By Sir Paul Marshall
Finance
Not Publicly Disclosed/mo
Do you think massive tech companies will eventually dominate the fintech space?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
Why do you predict that Swift will not remain the primary tool for international money transfers?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
What are Corgi's primary target segments within the commercial insurance market?
By Emily Yuan
Finance
Approx. $3.3 Million/mo
Why does Silicon Valley promote the narrative that AI will create enough new jobs?
By Ray Dalio
Finance
Not Publicly Disclosed/mo
What tectonic geopolitical developments could suddenly disrupt the global market?
By Jamie Dimon
Finance
Approx. $15 Billion/mo