Productivity growth (a.k.a. “automation”) has been very weak for the last decade, averaging just over 1.0 percent annually.
The Congressional Budget Office is only forecasting 1.8% per year productivity growth.
Productivity growth averaged 3.0% annually from 1947 to 1973 which had low unemployment and rapid wage growth.
Tripling the robots in manufacturing would be the USA catching up to South Korea in automation. Robot sales in the United States are continuing to increase between 2017 and 2020 by at least 15% on average per year. At this pace it would take about 10 years for the USA to catch up to current South Korean automation levels.
Replacing the truck, ride-sharing and other drivers with self-driving cars seems like it will be a 10-20 year transition. This will impact ten million jobs in the USA. This shift is something that drivers and society need to find second jobs and other training now. The shift from driving jobs will start happening in a major way.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.