Technically, there is a fourth economic sector. The quaternary industry is what computer programming and research positions fall under. However, that doesn’t mean we can all realistically move to that sector, because it would require every person without a job to go through a masters or doctorate program, which is especially difficult to do when everyone who needs it just lost their jobs, and the quaternary industry is also being automated, so the point still stands that automation will likely lead to most jobs being wiped out.
That is very interesting—I had not heard of this notion before. Can you by chance recommend a source where they dig into the motivation for segregating this out into a new sector?
Naively I would be inclined to treat research and programming as the informational equivalent of farming and manufacturing, but it occurs to me the floor of abstraction could render it fundamentally different in some other way. It does not seem to change very much from a value-to-consumer perspective.
Technically, there is a fourth economic sector. The quaternary industry is what computer programming and research positions fall under. However, that doesn’t mean we can all realistically move to that sector, because it would require every person without a job to go through a masters or doctorate program, which is especially difficult to do when everyone who needs it just lost their jobs, and the quaternary industry is also being automated, so the point still stands that automation will likely lead to most jobs being wiped out.
That is very interesting—I had not heard of this notion before. Can you by chance recommend a source where they dig into the motivation for segregating this out into a new sector?
Naively I would be inclined to treat research and programming as the informational equivalent of farming and manufacturing, but it occurs to me the floor of abstraction could render it fundamentally different in some other way. It does not seem to change very much from a value-to-consumer perspective.