Lloyds Bank to axe hundreds of jobs / and now RBS

glen8 said:
There will come a tipping point where technology advances far enough to give the everyday person on the street a good enough living that they no longer simply exist for the betterment on themselves and their families as that's already happened, but for the betterment of others.

Someone please find the picard speech on youtube :-)
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It's more likely that technology will advance to a point where about 10-20% of the population will live in relative opulence and everyone else in relative poverty.
 
Haggisman said:
I confidently predict that you will be proven wrong very soon ;)

http://www.telegraph.co.uk/technolo...dt-says-driverless-cars-could-hit-uk-streets/
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They won't work. I can just about envisage them working in the US where cities have nice, logical grid layouts and traffic light controlled junctions. Even then though there are problems - such as the cars not working if it's raining or in bright sunlight. Then you have the generally relaxed driving style of Americans. Compare that to our network of narrow, windy roads that were laid following the Repeal of the Corn Laws and our aggressive drivers. Then think about how they'd work in places like Paris or Rome /shudder.
 
its very branch specific as some branches still have massive foot traffic

any areas that have large elderly populations or lots of low income families tend to have lots of counter traffic...some portions of the population are still intimidated of the machines in the banking hall and then feel stupid having to ask for help..so just prefer to speak to a cashier
 
Thompson_NCL said:
It's more likely that technology will advance to a point where about 10-20% of the population will live in relative opulence and everyone else in relative poverty.
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I was going to post this. I think things will end up like the Film Elysium.

I don't think mankind is egalitarian enough to work together for a greater good. Selfishness will always rule & the gap between rich & poor will just continue to expand.
 
wordy said:
I was going to post this. I think things will end up like the Film Elysium.

I don't think mankind is egalitarian enough to work together for a greater good. Selfishness will always rule & the gap between rich & poor will just continue to expand.
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There is no concept of "greater good" in liberal capitalism, only individualism. If you want to create a society with communal interests, you need to sacrifice individual interests.

So ultimately you need to ask yourself: What do I value more, personal liberty or the greater good? If you choose the latter, who's rights are you going to suppress to create a cohesive society?
 
Thompson_NCL said:
There is no concept of "greater good" in liberal capitalism, only individualism. If you want to create a society with communal interests, you need to sacrifice individual interests.

So ultimately you need to ask yourself: What do I value more, personal liberty or the greater good? If you choose the latter, who's rights are you going to suppress to create a cohesive society?
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We're living in a selfish world as it is and it will continue to do so.
 
glen8 said:
another instance of technology doing people out of jobs. I do wonder how this will all play out over the next 10-20 years. In the future, if AI can do a good enough job, surely that means thousands of people being made redundant.
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It just means that those who are lucky enough to have a job will have to do their bit to support those that don't. Or people stop working 50hr weeks and divide that job into two 25hr jobs.
 
D.P. said:
PMSL, those are going to be the first jobs to go!
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Won't happen - I've explained why. They won't be able to get it working, roads in Britain and Europe are too chaotic. People will die if they try it, mark my words.
 
scorza said:
Won't happen - I've explained why. They won't be able to get it working, roads in Britain and Europe are too chaotic. People will die if they try it, mark my words.
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I bet £100 that within 10 yrs you'll be proven wrong and there will be passenger carrying automated (as in no driver input needed bar destination setting) cars operating on UK roads.
 
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I can see in the future most non-skilled, low skilled and some high skilled jobs will be taken over by computers.

I think transportation will be the first major area to feel automations wrath, imagine a lorry that can operate 24/7, can be programmed to travel at low traffic periods. Can be a mixed hybrid and because of the lack of cabin for driver can be more aerodynamic. I can see Google running a taxi system similar to uber but with fully automated cars, with the option to lift share in peak periods.

Train drivers and bus driver will be able to be replaced and you will have overnight services as lack of extra pay for unsociable hours.

Imagine all the cars on the road being connected and moving out of the way minutes before a ambulance turns up, reducing time.

I think the construction industry will be the second to be hit, I'm supposed there isn't a machine that can remove a old surface , remove the debris and lay a new surface in one continuos method. With new houses pretty much looking the same, I can see 3d printing or automated bricklayers being built.

As the baby boomers die off, I feel we will see a decline in the number of people being employed in the admin, hr and customer service roles as younger people are more used to dealing with machines.

I'm sure farming can be brought into the 21st century, automated plowing or harvesting using gps loggers and positioning. Can even do it at night.

In hospitals I think there is room for automation, automated beds and receptions. Surgeons replaced with controlled arms which don't shake or get tired.



But these are just my opinion.
 
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oh look another thread where some Luddites can observe that some jobs are no longer needed therefore technology is going to mean doom and gloom for jobs in general....
 
scorza said:
All driving jobs that's for sure - there's no way Google's driverless car will ever hit the streets of this country. I confidently predict this.
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We already have parralel parking technology. That really isn't far from road driving technology. It just needs a few years and I bet we will have it being trialed by someone.
 
scorza said:
Won't happen - I've explained why. They won't be able to get it working, roads in Britain and Europe are too chaotic. People will die if they try it, mark my words.
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What with this and your Trump stuff, are you the new but somehow worse Nostradamus?

Crapadamus, perhaps?

Anyway, to add a banking perspective linking back to the OP, some of the biggest challenges in the banking industry we are facing are not around '+BEEP BOOP+ REPLACE ALL HUMANS WITH ROBOTS +BEEP BOOP+' but how to engage customers who want different things at different times and in vastly different ways. That typically means we need more people, not less, to deal with the spectrum of needs our customers have.
 
Avenged7Fold said:
I agree in many industries it is taking over but some industries wont be replaced by automation and we will evolve our job market accordingly.

Maybe after all of the changes we will be less commercially focused because the cost of production of things will be so low, there is a focus on research and we will become a more learned society like in sci-fi movies? More likely it will go the other way where there is a focus on cheaply producing as much as possible to give people much higher disposable income to spend on whatever commercial crap or leisure services companies will be focusing on.
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well yes... at one point pretty much most of the population spent a large portion of their days farming. Now that farming can be carried out at scale using a relatively small % of the workforce and basic food is abundant and cheap we're free to do other things.

I mean it is hardly an issue if suddenly we no longer need cleaners, drivers, shelf stackers etc... and it is a huge advantage if elderly people have some robotic assistance to take care of most carer duties and monitor them/raise an alarm if necessary - we can then have carers who pop round to simply check up on them and give some human contact etc..
 
glen8 said:
When I say long term, I'm talking 100 years

Driverless cars - Yes
That's taxi and bus drivers gone
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It is ok - driverless cars won't mean these people are out of jobs. In 100 years time the unions will have negotiated with TFL to put 8 drivers in every underground train and limited their working hours to just 4 hours per week (all paid as overtime).

They'll be fine.

;)
 
I believe a lot of this is down to diminishing revenues from the investment arms of such banks, largely as a result of the regulations against proprietary trading. The zealous banning of all European prop trading activities within the banks because "bankers are bad" was always going to have huge knock-on effects.
 
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