The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future Review

The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future
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Other reviewers have summarized the book in detail, so I won't. I'll just emphasize the bottom line:
Machines are fast approaching humans in terms of *mental* labor capacity, not just *physical* labor capacity. In the past as machines took over much of our physical labor, we were then free to turn to more valuable mental labor. But once machines take over much of our mental labor, then what do we turn to for employment?
The author makes a very compelling case that this situation will arise, and likely within the next few decades. And he also lays out some rather bold suggestions to delay the shock of the resulting high unemployment and allow us to transition to an inevitably new type of economy as smoothly as possible. Though, even with these suggestions, I expect this transition is not likely to be smooth.
This book is a very important, frank discussion of a pending time-bomb for our precious mass market economy. Read it and recommend it to others. And think about how you and your family and friends will manage the forthcoming transition.

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What will the economy of the future look like? Where will advancing technology, job automation, outsourcing and globalization lead? This groundbreaking book by a Silicon Valley computer engineer explores these questions and shows how accelerating technology is likely to have a highly disruptive influence on our economy in the near future--and may well already be a significant factor in the current global crisis. THE LIGHTS IN THE TUNNEL employs a powerful thought experiment to explore the economy of the future.An imaginary "tunnel of lights" is used to visualize the economic implications of the new technologies that are likely to appear in the coming years and decades. The book directly challenges conventional views of the future and illuminates the danger that lies ahead if we do not plan for the impact of rapidly advancing technology. It also shows how the economic realities of the future might offer solutions to issues such as poverty and climate change.

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