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I feel it's not a matter of if, but when. Also, what is the community's opinion on automation and robotics? I feel automation of just about everything is now on the horizon and getting closer every day. Any thoughts, comments or possible timelines appreciated. I see the next five years to create a world most won't recognize. Automation of everything will feed on itself progress at an ever-accelerating rate.
I look at automation as a multi-hundred year journey. We're already well underway but there's a ways to go.
The industrial revolution automated a lot of basics - smelting, ore handling, and simple machining of metals (relatively speaking).
In the interim stages, automation kept increasing - whether it's consumer at home convenience or industrial scale stuff. The semiconductor revolution has helped this process immensely and consistently.
Fast forward to 'today', and we're on the cusp of humanoid robots doing more complex tasks that we haven't been able to fully automate. We are also seeing legacy industries that are used to dealing with hundreds of parts (automobiles) consolidate to simpler designs (i.e. mega / giga castings).
The challenge is, we're still limiting by Earth's resources, and it's not like these robotics and automation efforts were easy or "free" to make. so I don't see the world changing quickly / overnight because these costs will need to be paid back, and then the resources required to make things en masse are getting increasingly costly.
Tl;dr - I'm not sure the decreased cost of "labor" through automation will overcome the increased cost of resources on the input side in the long run. But I do think we'll see some areas that are "expensive" today get significantly cheaper -- just not the whole economy.
