Summers imagined a machine called the "Doer" that could make anything or provide any service. Productivity would soar. Wonderful goods and services would emerge. Enormous wealth would go "to those who could design better Doers, to those who could think of better things for Doers to do." But everyone else would be worthless in the labor market.Summers said the world is moving in that direction and has completed only 15 percent of the journey, but already we are "observing its consequences."
Will Smart Machines Create A World Without Work?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.