This RSA report argues that rising inequality, growing suppression in the workplace, stagnant wages, heightened discrimination and bias, and deepening geographic division could all have a greater impact than simple job losses to robots. Based on detailed 'scenario modelling', the report details four very different scenarios for the future of work in the UK.
The first, the Big Tech Economy, describes a world where most technologies develop at a rapid pace, from self-driving cars to 3D printing, delivering significant improvements in the quality of products and public services. However, unemployment and economic insecurity creep upwards, and the spoils of growth are offshored and concentrated in a handful of US and Chinese tech behemoths. The rapid pace of change leaves workers and unions with little time to respond.
The second scenario, the Precision Economy, portrays a future of hyper-surveillance, whereby technological progress is moderate but a proliferation of sensors allows firms to create value by capturing and analysing more information on objects, people and the environment.
The third, the Exodus Economy, is characterised by economic slowdown on the scale of 2008 which dries up funding for innovation and keeps the UK in a low-skilled, low-productivity and low-paid rut.
The final scenario, the Empathy Economy envisages a future of responsible stewardship whereby technology advances at a clip, but so too does public awareness of its dangers.
