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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Your response (between 1500 and 2000 words –
Put wordcount on cover page)
due @7pm Tuesday 5/3
Background:
In a recent article in The Atlantic Magazine (A World Without Work), Derek Thompson
lays out the impact of automation on jobs and eventually on the default social contract in
most capitalist societies. More recently, autonomous vehicle technology is poised for
introduction in urban and long haul applications (Otto Trucks). In an interview with
Quartz, Bill Gates suggested that taxing robot output could help cover the shortfall in
social services due to lost jobs and help pay for the increase in social services and support
needed by displaced workers. Additional insight from the Jan 14, 2017 issue of the
Economist.
Prompt:
Given the impact of technology and automation on a) an individual’s ability to monetize
their human capital; and b) the idea that humans need to contribute to society to feel
happy; please respond to the following questions: a) What are your personal philosophies about firms using automation
without regard to its impact on society?
b) What type of a political and economic system do you think might be best
suited for a society where automation can provide the bulk of people’s
needs? Keep in mind that robots do not consume (assuming they are not
sentient in the way humans are) and that demand for products comes from
people with the ability to pay.
c) What would you recommend for today’s business leaders to be ready for
such a time? You can ignore doomsday scenarios such as Skynet from the
Terminator.
This prompt asks you to think critically and examine a critical issue in business and one
which has global implications, the potential end of a long and relatively stable
relationship between human capital and earning potential. Note that the question is
normative and asks you to discuss the characteristics of a system that could deal with a
situation where the material needs of society (transportation, services, shelter, facebook
etc.) could be largely provided through automation, and that traditional unemployment
rates/metrics don’t apply.
This is not an analysis of current events. There is no one right answer. You will need
research to support your responses. This is a complex assignment, despite its short length. It requires you to identify your
approach to the topic and integrate your values into your perspective, then develop your
responses. You will probably need to revise and review it several times before submitting.
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