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Sunday, July 6, 2014

Will Workers' Compensation Adapt to "On Demand" Employment

Larry Page and Sergey Brin, founders of Google...
Larry Page and Sergey Brin, founders of Google Inc. (Photo credit: Wikipedia)
The changing nature of employment status may have a profound effect on how workers' compensation exists, if at all, in the coming years. Today's post is shared from

What happens as machines and artificial intelligence push humans out of the workforce? It’s one of the more important problems of our time — theoretical as it may seem in some sectors today — as technology makes industry after industry more efficient.
One of the most important tech overlords, Google CEO Larry Page, thinks most people want to work, but they’d be happy working less.
Page’s take: We have enough resources to provide for humanity. “The idea that everyone needs to work frantically to meet people’s needs is just not true,” Page said, in an interview at a private event put on by the venture capital firm Khosla Ventures that was just released online.
In fact, today humanity does dumb things like destroy the environment, in part because people work when they don’t have to, Page contended.
The answer isn’t to just cut jobs en masse, Page said. People want to feel “needed, wanted and have something productive to do.” But most everyone would like a little more time off. So perhaps one solution would be to split up part-time work between people, as Page said Richard Branson is experimenting with in the UK.
Page’s co-founder Sergey Brin had a slightly different take. “I do think that a lot of the things that people do have been, over the past century, replaced by machines and will continue to be,” Brin said. But after Page opined about his idea of “slightly less...
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