The key thing is that 5 years is really the time limit we need to rethink society and the economy. The big 4 emergent technologies that will reshape the world is solar, AI, anti-aging, and genetic engineering. AI will decimate the majority of the work force, followed by solar power which will decimate the power grid. Genetic engineering with anti-aging may leave us with humans who don't die and live off welfare system and not contributing to society. This is a problem we need to start thinking about now, before bad things happen.One more piece of information if it's still not sinking in yet about the impact.... we haven't touched on the trickle down impacts.
Insurance companies, massive impact to jobs and some going under within 10 years - Auto Insurance is OBSOLETE - In 3 years from now, auto manufactures like Tesla will give you free (or heavily discounted) replacement plan.. the cars are so safe, they don't get in accidents... if they do... they will fix it or give you a new one.
Auto repair services - Electric autonomous vehicles have very few moving parts... and companies like Tesla are turning the dealership model upside-down; they are charging cost for service, and their service consists of tires and brakes... there's nothing else to go wrong... dealers sell cars on premise they can rape their customers in service... all those auto worker jobs vanish.
Drones and autonomous delivery vehicles - negate UPS, Fedex, USPS employees in massive waves
IT departments automation and cloud growth is eliminating tech jobs
AI is going to eliminate in the next 5 years, millions of jobs... and it's not AI robots walking around... it's micro-AI instances... for instance, underwriting in property insurance is basically a human activity and risk calculations, AI will replace that are be far superior in just a few years.... think about all these small AI activities sprouting up around companies wiping out jobs in waves.
there's so much more..... it's not 1 thing that's going to happen... it's hundreds of these things all happening in a 10 year period..
we can't just let it happen, we need to start preparing for it now.
The good news, if we plan and control it now - it's going to be awesome and it's going to be in our life time and in my kids lifetime.
#1 AI is here. We've been using it even when we don't realize it. It's in our phones as Siri or Google Now, and it'll be in our cars. This technology is at a point where it's just a matter of applying it.
#2 Solar is also here, and like AI it's just a matter of applying this technology. This will redefine how we live.
#3 Genetic engineering is mostly here. With CRISPR as the first generation tool, we'll be able to redefine what it means to be human.
#4 Anti-aging technology is... not here. It is being worked on in the labs and showing success in Mice.