1 00:00:00,000 --> 00:00:04,216 _________________ 2 00:00:04,216 --> 00:00:08,432 ________________ 3 00:00:08,432 --> 00:00:16,865 ________________ 4 00:00:16,865 --> 00:00:33,730 Животът.. всичко е за оцеляването и никой от нас не знае колко му остава на тази планета. 5 00:00:34,120 --> 00:00:38,230 Нашата задача, като вид е да предвиждаме и 6 00:00:38,230 --> 00:00:40,210 елиминираме заплахите за нашето оцеляване. 7 00:00:40,210 --> 00:00:47,210 Коя ли е най-голямата заплаха? Замърсяването? Болестите? Природните бедствия? 8 00:00:56,550 --> 00:01:00,660 Вглеждайки се сме открили и идентифицирали доста потенциални заплахи, 9 00:01:00,660 --> 00:01:06,560 и затова имаме "война срещу тероризма", "война срещу престъпленията", наркотиците, ракът... 10 00:01:06,560 --> 00:01:12,509 но замисляме ли се над основните ни животоподържащи нужди? 11 00:01:12,509 --> 00:01:18,820 По принцип не е нужно, защото за щастие имаме система, система при която 12 00:01:18,820 --> 00:01:23,810 цената на тези нужди може да се плати. Можеш да работиш за пари, които 13 00:01:23,810 --> 00:01:29,100 да ти осигурят храна, вода и дом, и е добре, че имаме такава 14 00:01:29,100 --> 00:01:36,100 система, защото без пари си загубен. А, ако останеш без работа 15 00:01:36,220 --> 00:01:42,780 пак няма нужда да се притесняваш, защото имаме и друга система. Ако не си на работа, 16 00:01:42,780 --> 00:01:47,649 независимо защо, просто кандидатстваш за социална помощ. 17 00:01:47,649 --> 00:01:53,720 Понеже всички работещи плащат данъци, а правителството разбира, че определен 18 00:01:53,720 --> 00:02:00,020 процент безработица е нормално да се очаква, те просто отделят част от парите 19 00:02:00,020 --> 00:02:05,880 от данъци и ги прехвърлят към безработните хора, чрез магическия процес на преразпределението. 20 00:02:05,880 --> 00:02:12,880 Но това те кара да се замислиш. Ако това е голямото ни решение, то къде е границата? 21 00:02:16,340 --> 00:02:23,340 Какво ниво на безработица можем да подържаме? И какво би се случило, ако изведнъж работните места 22 00:02:27,340 --> 00:02:29,750 изчезнат? 23 00:02:29,750 --> 00:02:34,319 Светът е изправен пред огромно предизвикателство и е нужно да се открият, чуйте това, 24 00:02:34,319 --> 00:02:37,249 шестотин милиона работни позиции, за да има икономически растеж и социална сплотеност. 25 00:02:37,249 --> 00:02:40,179 ____________ 26 00:02:40,179 --> 00:02:43,109 Maveric Media представя: 27 00:02:43,109 --> 00:02:50,109 Defence giant BAE SYSTEMS has confirmed its cutting almost three thousand jobs at sites 28 00:02:52,209 --> 00:02:55,980 across the country. Tata Steel which employs nineteen thousand 29 00:02:55,980 --> 00:03:00,680 people in its UK steel business has announced it is cutting nine hundred jobs around the 30 00:03:00,680 --> 00:03:03,150 UK Another blow to the region's economy today 31 00:03:03,150 --> 00:03:08,450 as the energy giant EON has announced that six hundred jobs are to go at a call centre 32 00:03:08,450 --> 00:03:11,689 in Essox The Phyzer facility in Kent, the world's 33 00:03:11,689 --> 00:03:16,959 biggest drugs company runs the UKs largest foreign owned research and developments facility. 34 00:03:16,959 --> 00:03:21,900 It will close entirely with the loss of most of two thousand four hundred jobs. 35 00:03:21,900 --> 00:03:26,489 Ford has announced to trade union representatives that it will cease manufacturing cars in the 36 00:03:26,489 --> 00:03:31,010 UK after more than one hundred years. Japans Honda is to cut around eight hundred 37 00:03:31,010 --> 00:03:34,569 jobs at its plant near Swindon in south-west England. 38 00:03:34,569 --> 00:03:38,950 And we start tonight with news at the BBC has announced cuts and job losses across the 39 00:03:38,950 --> 00:03:41,859 region as part of a plan to make twenty percent savings 40 00:03:41,859 --> 00:03:46,730 Hundreds of police jobs have already been slashed with thousands more under threat 41 00:03:46,730 --> 00:03:51,139 Kodak the firm that invented the handheld camera and remains one of Americas best known 42 00:03:51,139 --> 00:03:57,389 brands has filed for bankruptcy protection. Rangers football club one of the most famous 43 00:03:57,389 --> 00:04:01,219 in Britain has announced its gone into administration. More than three hundred of the eight hundred 44 00:04:01,219 --> 00:04:05,930 stores that Woolworths use to occupy are still standing empty more than a year and a half 45 00:04:05,930 --> 00:04:10,310 after it collapsed at the end of 2008. More retailers are expected to go bust over 46 00:04:10,310 --> 00:04:13,529 the next few months. All one hundred and eighty seven outlets are 47 00:04:13,529 --> 00:04:17,510 to be shut with the loss of almost fourteen hundred jobs, the administrator said that 48 00:04:17,510 --> 00:04:23,450 it is apparent we cannot continue to trade. It was once Britain's biggest sports retailer 49 00:04:23,450 --> 00:04:26,560 but today JJB SPORTS announced plans to go into administration. 50 00:04:26,560 --> 00:04:31,120 Six and a half thousand jobs are at risk after electrical retailer Comet announced it's 51 00:04:31,120 --> 00:04:34,980 going into administration. More than four thousand jobs at risk after 52 00:04:34,980 --> 00:04:37,150 HMV announced that it was going into administration, it follows other chains. 53 00:04:37,150 --> 00:04:43,060 Its Blockbuster, its become the latest casualty on the high-street this week, a quarter of 54 00:04:43,060 --> 00:04:47,150 its stores are going to close, more than seven hundred people are going to be made redundant. 55 00:04:47,150 --> 00:04:51,290 There's serious doubts now about the future of around six thousand jobs around the UK 56 00:04:51,290 --> 00:04:51,680 after the company asked for its shares to be suspended last Wednesday. 57 00:04:51,680 --> 00:04:53,900 Former LaSenza employees have come to the decision to occupy the store as a direct consequence 58 00:04:53,900 --> 00:05:00,380 of the actions of management. A buyer hasn't been found with the group 59 00:05:00,380 --> 00:05:06,980 currently employs a total of nearly four thousand staff. 60 00:05:06,980 --> 00:05:11,850 Taiwan's IT giant FOXCONN announced its plans to replace up to half a million human 61 00:05:11,850 --> 00:05:16,120 workers with robots in the next three years. It's called "scan as you shop" customers 62 00:05:16,120 --> 00:05:21,860 love it. It's a very simple system. Each load is almost three hundred tons, but 63 00:05:21,860 --> 00:05:25,280 look closely. There's no one behind the wheel. 64 00:05:25,280 --> 00:05:30,010 The facility boasts the first robotics system in the UK to deliver supplies such as linen 65 00:05:30,010 --> 00:05:37,010 and food and an automated robotic pharmacy. 66 00:05:40,190 --> 00:05:47,190 A Sam Vallely FILM 67 00:05:49,800 --> 00:05:56,800 Will work for food 68 00:06:02,600 --> 00:06:09,600 Will work for free 69 00:06:15,400 --> 00:06:18,700 This isn't the first time unemployment has been a threat to this system. 70 00:06:18,700 --> 00:06:25,080 20 years ago, UK unemployment accounted for 10% of the population. It marked one of the 71 00:06:25,080 --> 00:06:32,080 worst recessions in our history with significant waves of rioting. However in ninety three, 72 00:06:32,620 --> 00:06:37,250 unemployment took a turn, somehow the jobs came back and things got better. 73 00:06:37,250 --> 00:06:44,250 This growth in employment is just what we needed, however it only lasted till two thousand 74 00:06:44,510 --> 00:06:51,510 one. Then the rates stagnated, the increased. By two thousand nine we were back to around 75 00:06:52,790 --> 00:06:57,550 eight percent. But it's reassuring to see the recent trends of unemployment have slowed 76 00:06:57,550 --> 00:07:04,550 since then. Or at least it would be reassuring, if it weren't for this. This chart shows 77 00:07:04,870 --> 00:07:11,010 the trends of part time versus full time employment. Notice how the increase in part time employment 78 00:07:11,010 --> 00:07:16,330 runs almost parallel to the decrease of full time employment. So, where one person may 79 00:07:16,330 --> 00:07:23,330 have been working say, a 40 hours week contract... now, two people would each be contracted 20 80 00:07:23,540 --> 00:07:30,540 hour, and funnily enough, this cross over section occurred in two thousand nine. So 81 00:07:31,370 --> 00:07:37,210 because technically more people are employed, the rates falsely imply a slight slowing down 82 00:07:37,210 --> 00:07:44,210 of job loss, but in reality, the amount of avalible work is shrinking and the economy 83 00:07:44,510 --> 00:07:49,220 is only getting worse. Sso what happened last time we were in this 84 00:07:49,220 --> 00:07:56,220 mess going? let's go back to 93, what changed? Was it an orderly street protest which brought 85 00:07:57,020 --> 00:08:00,270 back the jobs? Perhaps it was some well thought out policy 86 00:08:00,270 --> 00:08:05,530 from parliament that changed things. Maybe everyone just stopped being lazy and 87 00:08:05,530 --> 00:08:12,530 simultaneously arrived at the decision to go out there and get a job. But maybe it has 88 00:08:12,910 --> 00:08:18,430 something to do with technology. In 93 Microsoft realised their Windows NT 89 00:08:18,430 --> 00:08:23,240 operating system, Intel developed the first Pentium processor and the National Centre 90 00:08:23,240 --> 00:08:29,340 for Supercomputing Applications released version 1 of "Mosaic" which was to be world's 91 00:08:29,340 --> 00:08:34,140 first internet web browser. It is estimated the Internet grew throughout the 90's at 92 00:08:34,140 --> 00:08:41,140 a rate of 100% per year. Subsequently improving global communication and creating many jobs 93 00:08:41,360 --> 00:08:46,670 within developed countries. Now to remove any speculation as to whether or not this 94 00:08:46,670 --> 00:08:51,130 was the reason for the growth in jobs, it should be noted that throughout the nineties, 95 00:08:51,130 --> 00:08:58,130 our employment trends were almost identical to the U.S. trends and in a 2007 paper, a 96 00:08:58,450 --> 00:09:04,449 team of Harvard economists found "the economic expansion of the nineties was in fact driven 97 00:09:04,449 --> 00:09:11,449 by the increased efficiency in the production of IT, including computing, software and telecommunication. 98 00:09:12,249 --> 00:09:16,889 The birth of the internet had propelled us in to a new age and saved us from further 99 00:09:16,889 --> 00:09:23,240 degradation. However, while emerging technology is responsible for having created many new 100 00:09:23,240 --> 00:09:29,470 jobs, technology has been known to replace jobs throughout history. 101 00:09:29,470 --> 00:09:33,720 When employment stagnated in two thousand one, this wasn't because technology had 102 00:09:33,720 --> 00:09:40,620 stopped expanding or that there weren't any new ideas, the stagnation is simply because 103 00:09:40,620 --> 00:09:46,769 technology is ever improving, and the numbers of new jobs were being matched by the number 104 00:09:46,769 --> 00:09:48,569 of job losses. 105 00:09:48,569 --> 00:09:54,129 Economists will always deny that technology replaces jobs. It's called the Lump of labour 106 00:09:54,129 --> 00:10:00,540 fallacy. Essentially it's the notion that technology merely redistributes human workers, 107 00:10:00,540 --> 00:10:06,290 the jobs which become obsolete or automated simply allow humans to explore new sectors, 108 00:10:06,290 --> 00:10:12,509 perhaps even invent new industries which have yet to be conceived of. Well, while this idea 109 00:10:12,509 --> 00:10:18,319 may have been partially true in the past, the argument simply doesn't hold up anymore. 110 00:10:18,319 --> 00:10:24,310 Computers these days are much smaller, faster and durable, with ever increasing mobility, 111 00:10:24,310 --> 00:10:30,379 dexterity and artificial intelligence. They also become cheaper as time goes on. Moore's 112 00:10:30,379 --> 00:10:36,129 law demonstrates how computer processing power doubles approximately every eighteen months. 113 00:10:36,129 --> 00:10:41,980 So even if we were to create new jobs... why are we pretending we would give these jobs 114 00:10:41,980 --> 00:10:43,499 to humans? 115 00:10:43,499 --> 00:10:50,499 So what does the government have to say about all this? Well In June of 2011 not knowing 116 00:10:51,279 --> 00:10:58,230 what to do with the increasing unemployment, they invested ВЈ5B in the welfare to work 117 00:10:58,230 --> 00:11:05,019 scheme, also known as the work program. This five year program promises to help 2.4 million 118 00:11:05,019 --> 00:11:11,470 people, find and secure long term employment by paying private companies to do the work 119 00:11:11,470 --> 00:11:17,499 of actually looking for jobs on behalf of their unemployed clients. 120 00:11:17,499 --> 00:11:22,059 One year later the department for work and pensions released the figures. Turns out the 121 00:11:22,059 --> 00:11:29,059 work program was a complete failure... only 3.4% of all those who signed up to the program 122 00:11:29,439 --> 00:11:36,439 actually found work. 3.4%! Let's just put that into context. What percentage of people 123 00:11:37,939 --> 00:11:44,939 looking for work, gained employment without the help of the program? 1%? 2%? Well the 124 00:11:47,160 --> 00:11:54,160 figures from the same period showed 5.5%... That's right; if you are assigned to a program 125 00:11:54,939 --> 00:12:00,720 you are statistically less likely to find a job. Now, the failure of the work program 126 00:12:00,720 --> 00:12:07,379 can be largely attributed to the lack of available jobs, but perhaps there's another factor, 127 00:12:07,379 --> 00:12:14,379 in joining the program, if you find a job, you forfeit your right to minimum wage employment 128 00:12:14,889 --> 00:12:20,350 and in place you are subsidised with an amount equivalent to job seekers allowance. Making 129 00:12:20,350 --> 00:12:27,350 the work program essentially a paid slavery scheme, excused under the guise of gaining 130 00:12:28,139 --> 00:12:35,139 experience. In late 2012, university graduate Cait Reilly disputed the legality of the program 131 00:12:35,579 --> 00:12:41,550 after being assigned to stacking shelves in Poundland. Initially the appeal was rejected; 132 00:12:41,550 --> 00:12:48,160 however after further appeal by 2013 three judges had ruled "the regulations, under 133 00:12:48,160 --> 00:12:53,459 which most of the back-to-work schemes were created, are unlawful" 134 00:12:53,459 --> 00:12:59,480 Whatever the government's response to this ruling will be, they will not stop in their 135 00:12:59,480 --> 00:13:05,629 efforts to resolve the threat of unemployment, but let's face it. Unemployment is not a 136 00:13:05,629 --> 00:13:10,189 threat to this system for the reasons we are usually given by mainstream outlets. Forget 137 00:13:10,189 --> 00:13:16,899 all the noise about the recession, benefit cheats, immigration or this idea that people 138 00:13:16,899 --> 00:13:21,369 are simply too lazy to look for a job. 139 00:13:21,369 --> 00:13:28,079 Atomisation, thus technological unemployment is a mathematical inevitability of a system 140 00:13:28,079 --> 00:13:34,709 based on perpetual growth. And this pending eventuality is vastly misunderstood by the 141 00:13:34,709 --> 00:13:41,430 majority. And not just the majority of voters, there isn't a single politician who acknowledges 142 00:13:41,430 --> 00:13:48,180 let alone understands the implications of technological unemployment. And what's worse, 143 00:13:48,180 --> 00:13:55,180 when human beings don't understand something, that's where fear comes from. We fear what 144 00:13:55,329 --> 00:13:58,680 we don't understand, and we fight what we don't understand. 145 00:13:58,680 --> 00:14:02,649 Ok I have a very concrete question for you because you're getting wrapped up in this 146 00:14:02,649 --> 00:14:07,550 money and regulators and who is at fault. Technological automation is replacing jobs 147 00:14:07,550 --> 00:14:11,519 at the moment and it has been forever, it's doubling every year, that's the rate regardless 148 00:14:11,519 --> 00:14:16,100 of what financial system you have and what regulators you put in their place. So, without 149 00:14:16,100 --> 00:14:20,519 jobs as a basis for the economy, it's not really a question more of a statement, your 150 00:14:20,519 --> 00:14:22,420 system is going to be obsolete and in fact your very lucky that you've been working 151 00:14:22,420 --> 00:14:25,389 this long because you get to get out at the last floor, its going away. 152 00:14:25,389 --> 00:14:32,389 Yeah but on the other side of the coin I fear for my children. Absolutely, absolutely so 153 00:14:51,429 --> 00:14:57,110 why are you a fan of the banks then? 154 00:14:57,110 --> 00:14:57,360 Retail High-street 155 00:14:57,220 --> 00:15:01,470 In recent times high street shops have been disappearing at staggering rates, taking thousands 156 00:15:01,470 --> 00:15:04,600 of jobs with them. 1998 - 2009 First Quench Retailing 157 00:15:04,600 --> 00:15:06,499 1909 - 2009 Woolworths 1973 - 2011 Hawkin's Bazaar 158 00:15:06,499 --> 00:15:08,689 1999 - 2011 D2 Jeans 1990 - 2011 Officers Club 159 00:15:08,689 --> 00:15:10,600 1987 - 2011 Focus DIY 1931 - 2012 Blacks 160 00:15:10,600 --> 00:15:12,809 1990 - 2012 La Senza 2008 - 2012 Best Buy Europe 161 00:15:12,809 --> 00:15:14,290 1968 - 2012 Clinton Cards 1903 - 2012 Barratts 162 00:15:14,290 --> 00:15:15,569 1993 - 2012 Gamestation 1933 - 2012 Comet 163 00:15:15,569 --> 00:15:17,269 1991 - 2012 Optical Express 1971 - 2012 JJB Sports 164 00:15:17,269 --> 00:15:18,550 1963 - 2012 Oddbins 1992 - 2012 Game Group 165 00:15:18,550 --> 00:15:19,660 1921 - 2012 HMV 1935 - 2013 Jessops 166 00:15:19,660 --> 00:15:23,439 1934 - 2013 Ethel Austin 1985 - 2013 Blockbuster and more. 167 00:15:23,439 --> 00:15:27,809 Now, it's obvious some of these stores have not disappeared entirely. Many have moved 168 00:15:27,809 --> 00:15:34,089 into warehouse distribution and their stores still exist in the form of websites; you may 169 00:15:34,089 --> 00:15:37,529 also be wondering why I have included companies like Game in this list, since there are in 170 00:15:37,529 --> 00:15:44,529 fact GAME stores on the high street today. Well I do so to make a point, see in 2012 171 00:15:45,550 --> 00:15:50,470 when GAME went bust, the Swedish "Nordic Games" acquiesced the GAME Group, they acquired the 172 00:15:50,470 --> 00:15:55,939 brand as well as the companies stores and employee contracts. But this is actually a 173 00:15:55,939 --> 00:16:02,629 different company altogether. GAME wasn't resurrected through strategical advertising, 174 00:16:02,629 --> 00:16:09,629 market booms or stern administrative decisions. The company we all knew as "GAME" went 175 00:16:10,290 --> 00:16:16,949 bust... It lost. But GAME still had brand status. If it didn't, these shops fronts 176 00:16:16,949 --> 00:16:20,519 would read "Nordic Games". 177 00:16:20,519 --> 00:16:26,110 So why is there so much failure in retail? Are we merely witnessing the natural boom 178 00:16:26,110 --> 00:16:33,110 and bust cycles of free market economics? Or are we actually witnessing a retail transition? 179 00:16:33,329 --> 00:16:38,420 Looking back, our high streets were consisted of small family owned businesses, but the 180 00:16:38,420 --> 00:16:44,149 more companies grows, mergers and acquisitions become inevitable and the smaller stores get 181 00:16:44,149 --> 00:16:48,170 phased out as they struggle to compete for market share, eventually being replaced by 182 00:16:48,170 --> 00:16:54,069 conglomerates. In much the same way, a natural evolution 183 00:16:54,069 --> 00:16:59,860 of retail is occurring again. Only this time the shops are being phased out and the replacement 184 00:16:59,860 --> 00:17:06,859 is coming in the form of websites. And software applications, which are conveniently accessible 185 00:17:07,280 --> 00:17:13,980 with smart phones, are subsequently reduce our dependency on outlets such as high-street 186 00:17:13,980 --> 00:17:20,130 banks, betting shops and travel agencies. You've probably already witnessed technological 187 00:17:20,130 --> 00:17:24,420 unemployment on some level. For camera and film orientated shops like Jessops, it's 188 00:17:24,420 --> 00:17:29,720 not so hard to understand. Barely anyone with a modern phone is going to buy a disposable 189 00:17:29,720 --> 00:17:34,890 camera and pay money to have film developed; and there probably aren't too many people 190 00:17:34,890 --> 00:17:41,890 with 8-megapixle camera phones who also require digital cameras. Due to advancing technology 191 00:17:46,440 --> 00:17:52,590 these stores had suddenly become "specialist stores" their customers now having to mainly 192 00:17:52,590 --> 00:17:58,080 consist of serious photographers. 193 00:17:58,080 --> 00:18:04,760 Entertainment For music, video and games stores, there are 194 00:18:04,760 --> 00:18:10,720 five main threats here. One -- Supermarkets, supermarkets are selling 195 00:18:10,720 --> 00:18:15,190 a lot of the same products and most of the time cheaper. 196 00:18:15,190 --> 00:18:22,110 Two - On-line Stores like Amazon, they also offer good deals with the added comfort twenty 197 00:18:22,110 --> 00:18:29,110 four hour browsing and of course, item delivery. Three - Pawn shops like cash converters, they 198 00:18:31,429 --> 00:18:36,190 get away with selling entertainment at a second hand rate making them even cheaper than the 199 00:18:36,190 --> 00:18:42,820 supermarkets. Four -- On-line digital downloads and streaming, 200 00:18:42,820 --> 00:18:49,659 with apps like iTunes and Netflix conveniently accessible through smart TV's, gaming consoles, 201 00:18:49,659 --> 00:18:56,659 PC, and most phone and tablet devices. But let's not forget about five. Good old fashion 202 00:18:56,850 --> 00:19:03,590 piracy. With the advancements of fibre optic broadband, you can now download entire movies 203 00:19:03,590 --> 00:19:09,120 in a matter of minutes. Not that I'm suggesting you do that of course. That would be illegal. 204 00:19:09,120 --> 00:19:14,100 I'm just saying it's easier and faster than going to the shops, waiting on the post 205 00:19:14,100 --> 00:19:20,610 man or signing in the Netflix account on the PS3. As an aside, if any part of you is enraged 206 00:19:20,610 --> 00:19:25,860 at the thought of all these immoral people illegally sharing media. Why not aim some 207 00:19:25,860 --> 00:19:32,140 of that authentic aggression at the idea of a society which distributes digital entertainment 208 00:19:32,140 --> 00:19:38,860 in physical form. The wastefulness of this would be equivalent to having a unique physical 209 00:19:38,860 --> 00:19:45,860 address in order to access each and every website in existence. But perhaps you li the 210 00:19:46,059 --> 00:19:50,659 plastic cases... and what's wrong with the plastic cases? Well, the case itself is made 211 00:19:50,659 --> 00:19:57,149 from polypropylene, while the clear film sleeve is made from polyester. By bonding these different 212 00:19:57,149 --> 00:20:03,350 plastic materials together, it makes them almost impossible to properly recycle on large 213 00:20:03,350 --> 00:20:09,580 scale, so when the plastic rips, breaks or even just gets old and wasted.. They have 214 00:20:09,580 --> 00:20:16,279 to be either buried in landfills or incinerated which of course produces toxic chemicals. 215 00:20:16,279 --> 00:20:22,899 and this is the system we support by the way we choose to purchase entertainment, despite 216 00:20:22,899 --> 00:20:28,659 having had the possibility of digital alternatives for over a decade. 217 00:20:28,659 --> 00:20:35,399 Asking people to shop in these stores is asking us to live in an unnatural counter progressive 218 00:20:35,399 --> 00:20:41,130 way. So perhaps the failure of these stores is 219 00:20:41,130 --> 00:20:48,130 a good thing. But good or bad, a digital acquisition is upon us and the failures of these stores 220 00:20:49,500 --> 00:20:55,820 are simply a matter of time. And yes, even if they sell their brand status, they are 221 00:20:55,820 --> 00:20:59,510 failing. Nordic GAME won't be too far behind either. 222 00:20:59,510 --> 00:21:06,460 But what about book stores like Waterstones? Well the increase of tablets and e-book readers 223 00:21:06,460 --> 00:21:12,850 certainly poses a threat. However I can imagine the feel of a book, which people are oh so 224 00:21:12,850 --> 00:21:19,149 nostalgic about, will be used as a "justification" argument for the continued stifling of a successful 225 00:21:19,149 --> 00:21:25,639 digital transition. But, even without a digital alternative, Waterstone's in particular 226 00:21:25,639 --> 00:21:30,090 is facing the same threat of on-line distribution as well as competition from supermarkets. 227 00:21:30,090 --> 00:21:36,649 As are almost all product based stores - products to do with body care, cosmetics, clothing, 228 00:21:36,649 --> 00:21:42,789 mobile phones, electronic appliances and even musical equipment. However there is an argument 229 00:21:42,789 --> 00:21:49,409 to be made that physical stores are different, perhaps better than a website or a supermarket, 230 00:21:49,409 --> 00:21:54,980 in that they provide "knowledgeable staff". Perhaps you're not sure what product is 231 00:21:54,980 --> 00:22:01,220 best for you. In these shops, you can interact with friendly sales people who are qualified 232 00:22:01,220 --> 00:22:07,370 to offer advice and help you make the right decision. Well, while it is true that retail 233 00:22:07,370 --> 00:22:11,539 employees are trained to help customers and they are required to have a certain level 234 00:22:11,539 --> 00:22:16,889 of knowledge about the product. They also have something which no one really questions. 235 00:22:16,889 --> 00:22:23,889 Sales targets, either the staff or the store itself will have target requirements. If i 236 00:22:24,700 --> 00:22:28,710 wandered into a phone shop unsure of what to buy and make the mistake of telling the 237 00:22:28,710 --> 00:22:34,380 sales person that I'm not too familiar with the differences I leave myself open to a product 238 00:22:34,380 --> 00:22:40,309 sale bias, in this scenario the store has no problems selling the "best" products. 239 00:22:40,309 --> 00:22:45,559 So instead I might be presented with an inferior product which the store is struggling to offload, 240 00:22:45,559 --> 00:22:52,460 the sales person's job here becomes distorted, and I the customer will most likely be subjected 241 00:22:52,460 --> 00:22:56,299 to an eager sales pitch as opposed to honest insight. 242 00:22:56,299 --> 00:22:59,850 You are going to get whats ever in this box for ВЈ24.99 Oh No! NO! He's put three bottles 243 00:22:59,850 --> 00:23:06,850 of "sex in the City" for twenty six pounds ninety nine! At thirty six quid each! You 244 00:23:09,669 --> 00:23:13,929 need to buy... Boys please! Please! 245 00:23:13,929 --> 00:23:20,320 No! NO! No! NO! You need to buy now. 246 00:23:20,320 --> 00:23:27,320 In our current system, money is the driving force and as such the advice and intent to 247 00:23:27,750 --> 00:23:34,260 help a consumer make the right decision, is only a conditionality when required. But the 248 00:23:34,260 --> 00:23:40,590 main priority is always profit. I know this is designed for kids, we've... 249 00:23:40,590 --> 00:23:44,450 I've had some fun with this thing. This is amazing, whats so great about this 250 00:23:44,450 --> 00:23:49,889 is kids love tablets, they love playing with tablets, they love the games, the love the 251 00:23:49,889 --> 00:23:54,309 educational games but mom and dad want them to be safe, they want them they want to do, 252 00:23:54,309 --> 00:24:01,309 ya know everything on, but ya know... its...mmmm You ok? Ok... 253 00:24:04,210 --> 00:24:11,009 What it does is it gives us an opportunity for us to be able to offer a piece of electronic 254 00:24:11,009 --> 00:24:17,909 equipment that is simple for children to operate but also, mom and dad can operate it as well. 255 00:24:17,909 --> 00:24:23,909 At ВЈ149.94 the secret of it is that it has all the technology that mom and dad's tablet 256 00:24:23,909 --> 00:24:29,269 has, it's got the android operating system 4.0, it's got all. 257 00:24:29,269 --> 00:24:35,190 Now, had we instead used the internet as a guide, either through social media or public 258 00:24:35,190 --> 00:24:41,929 forums, we would obtain better and more accurate advice. The usefulness of these "sales people" 259 00:24:41,929 --> 00:24:47,899 which we have all grown accustomed to, pale in comparison to the advice found on-line... 260 00:24:47,899 --> 00:24:53,080 The rating systems found on public forums are in fact designed to weed out any bad or 261 00:24:53,080 --> 00:25:00,080 incorrect information and without it we are all vulnerable to the biases, lies and manipulation 262 00:25:00,700 --> 00:25:05,330 of self-righteous profit seekers. 263 00:25:05,330 --> 00:25:09,450 But perhaps there's another element to the physical shopping experience that I'm missing? 264 00:25:09,450 --> 00:25:15,090 What about the clothing shops? I have to admit even I thought they wouldn't be as affected 265 00:25:15,090 --> 00:25:21,559 by on-line alternatives for the simple fact that most people like to try before they buy. 266 00:25:21,559 --> 00:25:27,429 Who buys clothes without trying them on first? Well, I mean... I do but maybe that's because 267 00:25:27,429 --> 00:25:32,070 I'm a guy... When i buy a t-shirt i look for the ones with the big "L" and they 268 00:25:32,070 --> 00:25:37,350 never let me down... Maybe being male i don't have to account for boob size when evaluating 269 00:25:37,350 --> 00:25:43,230 comfort. But surly women don't prefer buying on-line without getting to try the clothes 270 00:25:43,230 --> 00:25:49,480 on first? Well, surprisingly when women's clothing store "Internacionale" launched their 271 00:25:49,480 --> 00:25:55,320 on-line store in 2012. They took in more profit in that one day from the website than all 272 00:25:55,320 --> 00:26:02,320 their retail outlets combined. That surprised me. Clothing doesn't seem to have any intrinsic 273 00:26:03,090 --> 00:26:09,840 immunity to the threat of on-line alternatives. 274 00:26:09,840 --> 00:26:14,269 Taking a look at retail outside of on-line threats, perhaps there is also something to 275 00:26:14,269 --> 00:26:20,120 be said about specialist shops in times of recession, shops which specialise in ties 276 00:26:20,120 --> 00:26:27,120 for instance or underwear, shoes, jeans, suits, exercise clothing and outdoor clothing. If 277 00:26:28,710 --> 00:26:35,279 we had a store dedicated to just socks. would that work? Maybe in these hard times it's 278 00:26:35,279 --> 00:26:40,870 not surprising why all-in-one stores like Primark seem to be staying afloat. You want 279 00:26:40,870 --> 00:26:47,870 a shirt? Primark. You want a dress? Primark. shoes, costume jewellery, candles, cushions, 280 00:26:49,659 --> 00:26:55,210 towels....even a mankini!? And the comfort of finding everything under one roof also 281 00:26:55,210 --> 00:27:00,610 stretches out to supermarkets. And speaking of supermarkets, what happened when they began 282 00:27:00,610 --> 00:27:07,600 to implement self-service tills? In this Tesco's the nine items or less section has been completely 283 00:27:07,600 --> 00:27:13,860 replaced with self-scanning. So now, only one job is required to assist those unfamiliar 284 00:27:13,860 --> 00:27:20,269 with the process or those trying to purchase items which require age verification. When 285 00:27:20,269 --> 00:27:25,769 this technology extends to the larger conveyor belt sections as it has been in pockets. or 286 00:27:25,769 --> 00:27:31,230 more importantly, when high street stores like Primark adopt self-serving systems, Retail 287 00:27:31,230 --> 00:27:36,590 will undergo yet another transitionary phase resulting in thousands of redundancies and 288 00:27:36,590 --> 00:27:42,049 these job losses will not be temporary, for once this process is in place there is no 289 00:27:42,049 --> 00:27:47,820 reasonable argument to go back to having lines of paid humans who are in fact now more expensive 290 00:27:47,820 --> 00:27:54,820 in the long run... and this new self-service revolution doesn't end there... 291 00:28:00,419 --> 00:28:03,320 Vending 292 00:28:03,320 --> 00:28:08,440 General convenience stores are now entirely replaceable with vending machine kiosks. 293 00:28:08,440 --> 00:28:14,389 A company called "Shop 24" has over 190 locations in Europe and they have already 294 00:28:14,389 --> 00:28:21,389 begun UK implementation, and as the name suggests, these vending stores are open all hours, giving 295 00:28:21,700 --> 00:28:27,980 them an even greater advantage over conventional human required methods. Vending machine stores 296 00:28:27,980 --> 00:28:33,200 will also start to crop up in the form of sweet shops and "on-the-go" cuisine, offering 297 00:28:33,200 --> 00:28:40,200 hot drinks, soft drinks, desserts, chips, noodles, hot dogs and even pizza. Complete 298 00:28:41,580 --> 00:28:47,799 vending machine integration of cafГ©s and lunch bars are on the horizon, as well as 299 00:28:47,799 --> 00:28:54,100 local pubs consisting of alcohol, cigarette and "pub food" vending. The only human 300 00:28:54,100 --> 00:29:01,100 required job here would be a moderator/bouncer hybrid, ensuring no one under the legal drinking 301 00:29:01,440 --> 00:29:08,440 age gains access. But even the need for human age verification is threatened by technology. 302 00:29:08,879 --> 00:29:14,590 Today we have the "iSample", a vending machine developed by Intel & Krafts with built 303 00:29:14,590 --> 00:29:21,269 in optical sensors it is capable of reading the face and determining gender and age, all 304 00:29:21,269 --> 00:29:22,809 within a fraction of a second. 305 00:29:22,809 --> 00:29:26,620 Pawn Shops Earlier I mentioned pawn shops such as Cash 306 00:29:26,620 --> 00:29:30,990 Converters and it's interesting to know how these shops actually tend to profit in 307 00:29:30,990 --> 00:29:36,509 times of economic recession, for the more we struggle to get by, the more likely we 308 00:29:36,509 --> 00:29:42,350 are to entertain leasing our goods at interest, despite the risk of losing them if we fail 309 00:29:42,350 --> 00:29:48,090 to buy them back within a certain time constraint. However there are items which we would pawn 310 00:29:48,090 --> 00:29:54,070 with no intention of buying back and I guess for that area of sales more and more people 311 00:29:54,070 --> 00:29:55,720 are now turning to eBay. 312 00:29:55,720 --> 00:30:02,720 But how about charity shops? I believe they have longevity as they provide a unique service. 313 00:30:03,059 --> 00:30:07,669 If you have old clothes or trinkets which you no longer need, but don't feel they 314 00:30:07,669 --> 00:30:12,740 are valuable enough for the likes of eBay, charity shop donations are a morally viable 315 00:30:12,740 --> 00:30:18,039 way of discarding items no longer needed. And this product "recycling" process is 316 00:30:18,039 --> 00:30:23,889 far less wasteful than taking your old things to the skip. However, we are focusing on the 317 00:30:23,889 --> 00:30:28,919 relevance of a job loss and its effects on the economy. Since most charity shops are 318 00:30:28,919 --> 00:30:34,720 run by volunteers and their profits are in some part donated to charity, I fail to see 319 00:30:34,720 --> 00:30:37,379 their economic relevance here. 320 00:30:37,379 --> 00:30:43,909 Throughout the high street the only shops which seem to have immunity are the ones which 321 00:30:43,909 --> 00:30:50,909 require actual human performed services, such as tattooing or hair dressing. But just for 322 00:30:51,820 --> 00:30:57,179 fun, let's see if tattoo artists really are impervious to automation. In 2012, a guy 323 00:30:57,179 --> 00:31:03,870 named Chris Eckert developed the Auto Ink tattoo machine. Now, for demonstration purposes 324 00:31:03,870 --> 00:31:10,450 it uses a ball point pen instead of a needle, however the implication of this machines potential 325 00:31:10,450 --> 00:31:15,759 is obvious. If it were ever to take off pre-programmed designs could eliminate the need for any human 326 00:31:15,759 --> 00:31:19,519 involvement in the tattooing process. 327 00:31:19,519 --> 00:31:26,120 Earlier I highlighted the fact that a lot of high street stores now occupy warehouses 328 00:31:26,120 --> 00:31:31,070 and sell their products on-line. This may lead some of you to assume that the economy 329 00:31:31,070 --> 00:31:37,470 will at least be helped in some part with all these new warehouse jobs. Well it seems 330 00:31:37,470 --> 00:31:44,470 even these jobs are under attack, for example, Amazon is the world's largest online retailer 331 00:31:44,539 --> 00:31:51,360 and currently has twelve fulfilment centres across the UK. But in May of 2012 Amazon purchased 332 00:31:51,360 --> 00:31:56,379 the American "Kiva Systems" for seven hundred and seventy five million dollars. 333 00:31:56,379 --> 00:32:03,059 What is Kiva? Kiva is an autonomous robot which uses optical sensors to navigate through 334 00:32:03,059 --> 00:32:08,940 a warehouse. It reads inventory items as bits of digital information which is then organised 335 00:32:08,940 --> 00:32:13,950 through complex algorithms in much the same way that Google organizes web pages. They 336 00:32:13,950 --> 00:32:20,950 can pick, pack, and ship anything sold online faster and for a lot less money than a human. 337 00:32:21,559 --> 00:32:26,889 These efficiencies allow Kiva to gather goods within minutes of an order, allowing the remaining 338 00:32:26,889 --> 00:32:33,450 human workers to ship up to four times more packages in an hour. Similarly, the Spanish 339 00:32:33,450 --> 00:32:38,779 "Bonnysa" Group have incorporated two automised facilities. The first stores products 340 00:32:38,779 --> 00:32:43,749 directly as they are unloaded from delivery vehicles, guaranteeing complete control and 341 00:32:43,749 --> 00:32:49,419 traceability of goods, and in the second, once products have been calibrated and classified, 342 00:32:49,419 --> 00:32:54,200 they are placed on double depth shelving which allows for twice the storage capacity without 343 00:32:54,200 --> 00:32:58,799 having to increase the amount of stacker cranes used. Since Bonnysa switched to using the 344 00:32:58,799 --> 00:33:04,590 high-speed automised facilities they have eliminated the need for human operator intervention 345 00:33:04,590 --> 00:33:09,590 and have increased their product control and warehouse security to the extent that output 346 00:33:09,590 --> 00:33:16,590 is now five times the amount of a conventional warehouse. 347 00:33:25,009 --> 00:33:32,009 Manufacturing According to the Organisation for Economic 348 00:33:39,309 --> 00:33:45,490 Co-operation and Development the manufacturing sector's share of both employment and GDP 349 00:33:45,490 --> 00:33:50,210 has gradually declined since the sixty's, although manufacturing output in terms of 350 00:33:50,210 --> 00:33:56,850 both production and value has steadily increased since 1945. The reason of course is technology, 351 00:33:56,850 --> 00:34:02,929 and looking at the production of an automobile it's easy to see why we prefer using machines. 352 00:34:02,929 --> 00:34:08,629 If these trends continue it is not far-fetched to think most if not all factory workers will 353 00:34:08,629 --> 00:34:14,530 eventually be replaced by machines. Now, there's three main reasons as to why factory automation 354 00:34:14,530 --> 00:34:17,340 has yet to be fully integrated across the board. 355 00:34:17,340 --> 00:34:23,969 One: Vulnerability: An automated system usually has to be pre-programed for each specific 356 00:34:23,969 --> 00:34:28,899 task which makes them susceptible to committing errors outside of their immediate scope of 357 00:34:28,899 --> 00:34:35,010 knowledge. This makes them typically unable to apply simple rules of logic to general 358 00:34:35,010 --> 00:34:41,309 propositions. However, machines today have far more mobility and dexterity than ever 359 00:34:41,309 --> 00:34:48,040 imagined and instead of having to be preprogramed for each motion, machines are gradually gaining 360 00:34:48,040 --> 00:34:55,040 autonomy, being able to detect objects and predict movement. The second reason is due 361 00:34:55,139 --> 00:35:01,180 to unpredictable, excessive developmental costs. The research and development cost of 362 00:35:01,180 --> 00:35:06,720 automating a specific task, can often exceed the cost saved by the automation itself. The 363 00:35:06,720 --> 00:35:13,030 third reason also has to do with affordability, high initial costs. Automating a new product 364 00:35:13,030 --> 00:35:17,880 requires an initial investment which is usually quite expensive when compared with the unit 365 00:35:17,880 --> 00:35:22,410 cost of the product, even though the cost of automation may be spread among many products 366 00:35:22,410 --> 00:35:28,430 over time. The decision to automate is therefore reserved for products which have proven to 367 00:35:28,430 --> 00:35:33,790 be profitable and unlikely to change, as any alterations could require the re-programing 368 00:35:33,790 --> 00:35:38,760 of machines. These three problems have been an issue since 369 00:35:38,760 --> 00:35:45,010 factory automation began, but as time goes on, the machines improve and the cost of automating 370 00:35:45,010 --> 00:35:49,579 declines. For simple assembly line tasks, it's certainly been cheaper to have human 371 00:35:49,579 --> 00:35:55,980 workers. However, in mid-2012, an American company called "Rethink Robotics" launched 372 00:35:55,980 --> 00:36:02,140 the Baxter robot. Baxter is a revolution in assembly line manufacturing as it can be programed 373 00:36:02,140 --> 00:36:08,960 to perform a multitude of tasks and the best part is you don't even have to be a programmer. 374 00:36:08,960 --> 00:36:13,000 Simply grab his arms, guide him through the motions of the required task and then leave 375 00:36:13,000 --> 00:36:18,700 him to get on with it. If another task is required later on, simply grab his arms again 376 00:36:18,700 --> 00:36:23,859 and re-program the motions. Baxter is currently on the market for around fourteen thousand 377 00:36:23,859 --> 00:36:29,010 pounds which is an extremely affordable initial investment cost and taking into account the 378 00:36:29,010 --> 00:36:34,619 average life span it works for less than three pounds an hour, twenty four hours a day, seven 379 00:36:34,619 --> 00:36:41,329 days a week and doesn't require tea breaks. This robot is set to revolutionise the entire 380 00:36:41,329 --> 00:36:44,200 manufacturing industry. 381 00:36:44,200 --> 00:36:49,309 Application Aside from factory jobs being replaced by 382 00:36:49,309 --> 00:36:54,720 machines, there are many products today which are quickly becoming altogether irrelevant. 383 00:36:54,720 --> 00:36:59,680 For those of us with smart phones and tablets, the following examples may appear too obvious 384 00:36:59,680 --> 00:37:05,700 to require a detailed analysis. But for those of you who have yet to acknowledge this trend, 385 00:37:05,700 --> 00:37:11,450 let's take a look at the implied future of the smart phone "App". Currently Apps 386 00:37:11,450 --> 00:37:16,300 are in the process of killing a vast range of physical products. Most obviously, paper 387 00:37:16,300 --> 00:37:23,280 products; novels, comic books, cook books, puzzle books, phone books & yellow pages, 388 00:37:23,280 --> 00:37:28,260 dictionaries, encyclopaedias, magazines, newspapers, shopping catalogues, road maps, photo albums, 389 00:37:28,260 --> 00:37:34,730 calendars, diaries and of course, many products associated with stationary. Then there are 390 00:37:34,730 --> 00:37:40,520 electrical products such as calculators, radios, alarm clocks, camcorders, voice recorders, 391 00:37:40,520 --> 00:37:46,490 remote controls, karaoke machines, guitar tuners, amplifiers and effects peddles, GPS 392 00:37:46,490 --> 00:37:51,410 navigation, video game cartridges and even board games are having their physical necessity 393 00:37:51,410 --> 00:37:53,339 challenged by software. 394 00:37:53,339 --> 00:38:00,339 Personal Computer Now what about desktop computers? Most people 395 00:38:01,079 --> 00:38:06,770 only really use their PC's for surfing the web, socialising, listening to music and watching 396 00:38:06,770 --> 00:38:13,050 videos. All of which can now be done on those same smart phones and tablets. PC's, while 397 00:38:13,050 --> 00:38:18,599 not disappearing entirely, will decline in numbers because of this, effecting many jobs 398 00:38:18,599 --> 00:38:23,280 associated with producing not only the computers themselves, but think of all those peripheral 399 00:38:23,280 --> 00:38:29,920 devices associated with them, the keyboard, mouse and webcam. As well as hardware components 400 00:38:29,920 --> 00:38:36,920 such as ram chips and graphics cards. Now, this might seem overly pessimistic. However 401 00:38:38,280 --> 00:38:43,230 a survey by the International Data Corporation showed tablets to account for a third of all 402 00:38:43,230 --> 00:38:48,670 computing sales in 2012 and even Microsoft are acknowledging the inevitable outcome, 403 00:38:48,670 --> 00:38:53,869 and with the advent of 4G wireless networking which allows for high speed internet on our 404 00:38:53,869 --> 00:38:59,750 mobile devices, we can now use applications like Skype and Face time to make phone calls 405 00:38:59,750 --> 00:39:05,900 to and from anywhere in the world for free, the implication being the demise of traditional 406 00:39:05,900 --> 00:39:12,190 land line phones and mobile tariffs. British Telecom has been preparing for this and have 407 00:39:12,190 --> 00:39:18,670 already launched their cloud network. Now, digital alternatives may not yet be adopted 408 00:39:18,670 --> 00:39:24,059 by the majority, perhaps mostly because of nostalgia rather than efficiency. But the 409 00:39:24,059 --> 00:39:29,670 children of the future are not going to care about the toys of the past. 410 00:39:29,670 --> 00:39:36,670 Media Products & Appliances VHS, CD and DVD players as well as free-view, 411 00:39:40,400 --> 00:39:46,710 sky and virgin media boxes are all facing redundancy by the advancements of the smart 412 00:39:46,710 --> 00:39:53,710 TV. Why? Because smart TV's stream content from the internet, making it possible for 413 00:39:54,200 --> 00:40:01,200 Sky and virgin media to exist entirely in app form. So what of all those lavish book, 414 00:40:03,020 --> 00:40:09,640 CD and DVD collections which most of us equate to our status and identity? These erroneous 415 00:40:09,640 --> 00:40:14,940 collections are no longer optimal as we now have digital media libraries, with the likes 416 00:40:14,940 --> 00:40:21,420 of iTunes and iBooks. And when digital libraries are rehomed to our TV's as well as our phones 417 00:40:21,420 --> 00:40:27,420 and tablets. Just as VHS collections were phased out by the improved format of the DVD, 418 00:40:27,420 --> 00:40:34,420 our current wasteful, vanity orientated physical media collections will be phased out and replaced 419 00:40:35,660 --> 00:40:42,660 with non-physical digital formats, alongside their required physical media players. In 420 00:40:42,869 --> 00:40:49,869 fact, in January of 2013, tech giant "Philips" gave in and sold their home entertainment 421 00:40:49,970 --> 00:40:55,930 appliances division and now only producing coffee machines, juicer's, toasters and 422 00:40:55,930 --> 00:40:57,309 electric razors. 423 00:40:57,309 --> 00:41:02,130 The rise of high speed fibre optic broadband will also extend the extinction of irrelevant 424 00:41:02,130 --> 00:41:08,420 peripherals to Blu-ray players and video game consoles. That's right, even video games 425 00:41:08,420 --> 00:41:14,440 will be played via internet streaming. Sound far-fetched? Well Sony entertainment doesn't 426 00:41:14,440 --> 00:41:20,859 think so. In July of 2012 they spent $380 million purchasing the cloud-based video game 427 00:41:20,859 --> 00:41:27,609 streaming network "Gaika". Even Xbox co-founder Nat Brown has expressed his concerns over 428 00:41:27,609 --> 00:41:33,109 the implications of Apple entering the games industry, acknowledging the potential of their 429 00:41:33,109 --> 00:41:39,540 already established infrastructure to easily replace the Xbox, Playstation and Nintendo 430 00:41:39,540 --> 00:41:41,900 consoles. 431 00:41:41,900 --> 00:41:48,250 3D-Printing Now, obviously there are many physical products 432 00:41:48,250 --> 00:41:53,319 on the market which aren't threatened by digital downloading. 433 00:41:53,319 --> 00:41:58,890 However in October of 2012, the city of London was host to the world's first-ever consumer 434 00:41:58,890 --> 00:42:05,790 3D print show, displaying how 3D printing can allow consumers to download and print 435 00:42:05,790 --> 00:42:12,280 a vast range of products as and when they need them. This is not merely a glimpse into 436 00:42:12,280 --> 00:42:18,920 a hypothetical future; 3D printers can already build products from a range of materials including 437 00:42:18,920 --> 00:42:25,920 plastic, chocolate, glass, concrete and even metal. So what products could be printed? 438 00:42:27,130 --> 00:42:32,980 Well, just about any basic household items from plates, bowls, mugs, bottles, cutlery, 439 00:42:32,980 --> 00:42:39,980 tupperware, lamp shades, photo frames, furniture, musical instruments, figurines, even a wrench 440 00:42:42,270 --> 00:42:48,299 printed with fully moving parts. So you may be wondering just how far in the future 3D 441 00:42:48,299 --> 00:42:53,099 printing is, and how expensive these things are going to be? Well let's look at the 442 00:42:53,099 --> 00:42:59,770 Rep-Rap project. Rep-Rap is a self-replicating 3D printer. Meaning it can print most of its 443 00:42:59,770 --> 00:43:04,500 own parts, so if you have one, you can make another one. And the great thing about rep-rap 444 00:43:04,500 --> 00:43:10,790 is that it is open source, meaning its design is not owned or constrained by copy write. 445 00:43:10,790 --> 00:43:17,059 It's completely free for anyone to use and improve. Today, 3D printers can be purchased 446 00:43:17,059 --> 00:43:24,059 from open source groups like reprap and fab@home, or commercially through pp3dp.com & cubify. 447 00:43:26,240 --> 00:43:31,599 Perhaps you don't have the room for a home 3D printer? Well there is the option of ordering 448 00:43:31,599 --> 00:43:38,599 3D printed products online through services such as shapeways, sculpteo and i.materialise. 449 00:43:38,900 --> 00:43:43,170 Companies can also employ the mass producing of 3D printed products through organizations 450 00:43:43,170 --> 00:43:46,740 such as Thingiverse and kraftwurx. 451 00:43:46,740 --> 00:43:52,460 The world of 3D printing is huge and it's here today. And just like every other technological 452 00:43:52,460 --> 00:43:58,049 advancement - as time goes on these things will become more and more affordable. And 453 00:43:58,049 --> 00:44:03,079 every company which currently produces all those house hold items will simply become 454 00:44:03,079 --> 00:44:10,079 financially unsustainable. Pay It Forward 455 00:44:10,420 --> 00:44:17,420 A group called PIF3D aim to exploit the replicating ability of RepRap by taking the machine to 456 00:44:17,640 --> 00:44:22,240 universities and hosting twenty-four hour 3D printing parties, where they give people 457 00:44:22,240 --> 00:44:27,140 the skills to build one of these things. The objective being that those people can "Pay 458 00:44:27,140 --> 00:44:32,740 it forward". Once they have built two or three RepRap printers, they repeat the process 459 00:44:32,740 --> 00:44:38,440 of taking it to schools and showing others how to make their own, and the process repeats. 460 00:44:38,440 --> 00:44:44,290 The idea of paying it forward could easily spread like wildfire. Meaning just about everyone 461 00:44:44,290 --> 00:44:51,020 in the world could own a 3D printer for next to nothing. Now, as 3D-Printers become more 462 00:44:51,020 --> 00:44:55,930 mainstream, there will most likely be attempts to patent certain design elements and sell 463 00:44:55,930 --> 00:45:02,930 each downloadable product commercially. However once a product is on a CAD file, there's 464 00:45:03,290 --> 00:45:10,290 no real reason 3D designs would be immune to internet piracy. 465 00:45:10,670 --> 00:45:13,210 Transport 466 00:45:13,210 --> 00:45:20,210 Around 2.5% of the UK population have jobs which require a driving licence. 467 00:45:42,540 --> 00:45:48,319 The first autonomous driverless vehicle was developed by, Sebastian Thrun director of 468 00:45:48,319 --> 00:45:48,569 the Stanford Artificial Intelligence Laboratory and co-inventor of Google Street View. In 469 00:45:48,400 --> 00:45:55,400 2005 the Google car won the DARPA Grand Challenge and since then, Google have been developing 470 00:46:06,609 --> 00:46:13,609 a commercial system. However progress has been held back due to 471 00:46:20,609 --> 00:46:22,369 legal liabilities, for example if there was an accident, who would be at fault? The car 472 00:46:22,369 --> 00:46:27,750 owner? the manufacturer? What if the accident was a result of a lost signal? Would the internet 473 00:46:27,750 --> 00:46:32,599 providers be accountable? Filtering through legislation is a lengthy process, but they've 474 00:46:32,599 --> 00:46:36,250 come a long way. In August 2012, the Google team announced 475 00:46:36,250 --> 00:46:41,290 that they have completed over 300,000 miles of autonomous-driving, all without a single 476 00:46:41,290 --> 00:46:43,940 accident. Nevada, Florida and California all passed laws allowing driverless cars. 477 00:46:43,940 --> 00:46:44,190 Although it's hard to invasion a timeline, the remaining united states and the UK will 478 00:46:44,020 --> 00:46:51,020 eventually pass similar legislations, and driverless cars will explode on to the market. 479 00:46:54,079 --> 00:47:01,079 As well as the American based Google car which most of us are probably aware of, there is 480 00:47:04,270 --> 00:47:08,369 also a German creation from "autonomous labs" at the Free University of Berlin. 481 00:47:08,369 --> 00:47:10,290 The project has already been given approval to run a driverless taxi services throughout 482 00:47:10,290 --> 00:47:11,040 Berlin and Brandenburg. For those of you who feel hesitant about assigning 483 00:47:11,040 --> 00:47:18,040 the control of your vehicle to a machine, know that the kiva systems mentioned earlier 484 00:47:20,579 --> 00:47:27,579 have essentially the same autonomy, and they too have yet to witness a single accident. 485 00:47:29,010 --> 00:47:36,010 Compare that with the UK's current yearly rates of 3,000 motor vehicle incidents resulting 486 00:47:36,170 --> 00:47:43,170 in fatalities, 35,000 resulting serious accidents and a total 276,000 severities. Clearly it 487 00:47:44,880 --> 00:47:51,880 would be societally irresponsible to maintain human drivers while the safer option is available. 488 00:47:55,589 --> 00:48:02,589 And in making a safer society all jobs associated with public transport and delivery of goods, 489 00:48:11,630 --> 00:48:18,630 could be achieved without human involvement. 490 00:48:25,069 --> 00:48:29,549 Agriculture Dairy 491 00:48:29,549 --> 00:48:36,549 GEA farm technologies' provides technological solutions to livestock farming, including 492 00:48:39,619 --> 00:48:45,559 the development of a fully automatic milking system for dairy farms. Dairy cows are guided 493 00:48:45,559 --> 00:48:52,160 into these Mi1 milking units, the cows electronic tag is identified and their pre-allocated 494 00:48:52,160 --> 00:48:59,160 amount of food is dispensed. A 3D camera scans and identifies the udders, then attaches to 495 00:49:00,329 --> 00:49:07,180 the t-cups. It washes dries and pre-milks the cows. This amazing technology reduces 496 00:49:07,180 --> 00:49:13,849 labour, increases milk production, lowers stress of both the cows and farmers, and electric 497 00:49:13,849 --> 00:49:20,849 tagging allows for the ability to manage cows individually. So when is this technology being 498 00:49:22,170 --> 00:49:29,170 implemented? Well looking at the UK alone, it's actually already been in use since 499 00:49:32,109 --> 00:49:33,289 2011. 500 00:49:33,289 --> 00:49:40,289 Precision Farming EGNOS Precision Farming is a system which 501 00:49:41,809 --> 00:49:47,770 uses GPS guidance technology for crop cultivation. The auto track technology sends signals to 502 00:49:47,770 --> 00:49:54,299 the tractors steering system via a GPS receiver. The resulting navigation is so precise that 503 00:49:54,299 --> 00:50:00,589 Farmers can actually treat soil and crops in a site specific manner and ensure optimum 504 00:50:00,589 --> 00:50:06,030 chemical doses are applied to the right places. The system has been shown to cut costs on 505 00:50:06,030 --> 00:50:12,900 fertilisation and fuel, reducing the environmental impact, and because the tractors steer themselves 506 00:50:12,900 --> 00:50:18,289 it also reduces operator fatigue. As you've probably already guessed, it is only a matter 507 00:50:18,289 --> 00:50:24,260 of time before these tractors are also equipped with autonomous driving technology, spelling 508 00:50:24,260 --> 00:50:30,010 the end of this particular human required task and allowing for the full automation 509 00:50:30,010 --> 00:50:31,609 of crop cultivation. 510 00:50:31,609 --> 00:50:38,609 Vertical farming But why limit crop cultivation to fields? 511 00:50:40,460 --> 00:50:45,440 In 1999 a professor of environmental health sciences at Columbia University in New York, 512 00:50:45,440 --> 00:50:50,130 Dickson Despommier challenged his students to feed the entire population of Manhattan 513 00:50:50,130 --> 00:50:57,130 using 13 acres of usable rooftop gardens. The class calculated that only 2% of all the 514 00:50:57,319 --> 00:51:02,930 people could be fed using this method. Unsatisfied with the results, Despommier made an off-the-cuff 515 00:51:02,930 --> 00:51:09,930 suggestion of growing plants indoors and vertically. The idea sparked interests and by 2001 the 516 00:51:10,789 --> 00:51:17,789 first outline of a vertical farm was introduced. Today scientists, architects, and investors worldwide are working together to 517 00:51:24,049 --> 00:51:31,049 make the concept of vertical farming a reality. Unlike, traditional agriculture, a controlled 518 00:51:44,880 --> 00:51:50,109 indoor environment is not susceptible to crop loss from severe weather conditions nor is 519 00:51:50,109 --> 00:51:54,420 it limited by seasonal crop production. 520 00:51:54,420 --> 00:51:59,530 Using the method of hydroponics which doesn't require soil, water is preserved in a closed 521 00:51:59,530 --> 00:52:06,530 loop system, eliminating the concern of agricultural runoff, and since it is continually recycled, 522 00:52:07,760 --> 00:52:13,140 the total water usage is 70% less than current requirements. Without soil this system is 523 00:52:13,140 --> 00:52:18,079 immune to pesticides, meaning we could also do away with having to spray agrochemicals 524 00:52:18,079 --> 00:52:22,000 on our food. 525 00:52:22,000 --> 00:52:28,010 For those of you sceptical about the limitations of hydroponic farming, here is a list of already 526 00:52:28,010 --> 00:52:35,010 commercially available products from hydroponically produced plants. 527 00:52:39,960 --> 00:52:46,960 Health Care Cardiology 528 00:53:05,339 --> 00:53:10,630 Up next it sounds like science fiction but Dr Nancy Snyderman reports on how your smart 529 00:53:10,630 --> 00:53:17,630 phone may change medicine including warning you of a heart attack. By modifying an iPhone 530 00:53:21,640 --> 00:53:28,640 with this ECG attachment and using the AliveECG app, your heart rate, temperature, oxygen 531 00:53:29,190 --> 00:53:34,940 and fluid levels can all be recorded with the results directly upload able to your Cardiologist. 532 00:53:34,940 --> 00:53:40,420 Blood, saliva, urine and even sweat can all be tested with this device. Combined with 533 00:53:40,420 --> 00:53:47,089 a wireless ultrasound, full physical check-ups can be carried out remotely from anywhere 534 00:53:47,089 --> 00:53:50,809 in the world. There's twenty million, over twenty million 535 00:53:50,809 --> 00:53:55,380 echocardiograms done a year. That's twenty million times eight hundred dollars that's 536 00:53:55,380 --> 00:54:00,690 a lot of money. Probably seventy to eighty percent we can get rid of, just by having 537 00:54:00,690 --> 00:54:04,359 this part of the physical exam. 538 00:54:04,359 --> 00:54:08,349 Medicine As for prescription medicine, perhaps the 539 00:54:08,349 --> 00:54:14,539 biggest threat is not with technology but rather in the curing of illnesses. Fifteen 540 00:54:14,539 --> 00:54:19,200 year veteran of the pharmaceutical industry Gwen Olsen, stated "the pharmaceutical industry 541 00:54:19,200 --> 00:54:24,250 is in the business of disease maintenance and symptoms management, The are not in the 542 00:54:24,250 --> 00:54:30,089 business of curing cancer, Alzheimer's or heart disease, because if they were, they 543 00:54:30,089 --> 00:54:34,539 would be in the business of putting themselves out of business." 544 00:54:34,539 --> 00:54:38,670 For those of you who doubt the medical establishment would knowingly put profitability ahead of 545 00:54:38,670 --> 00:54:44,559 actually helping people, you need look for no further evidence than a 2002 UK clinical 546 00:54:44,559 --> 00:54:50,880 trial which found most anti-depressants to be as effective as sugar pills, giving the 547 00:54:50,880 --> 00:54:55,450 effects of a working drug through nothing more than a placebo. 548 00:54:55,450 --> 00:55:01,670 It's not hard to see why the medical industry would chose to promote the constant reselling 549 00:55:01,670 --> 00:55:07,380 of pharmaceuticals. If for example a cure for cancer was discovered and adopted by the 550 00:55:07,380 --> 00:55:13,130 mainstream, it would cause considerable losses in profits generated through radiotherapy, 551 00:55:13,130 --> 00:55:19,770 chemotherapy, hormone therapy, gene therapy and Immunotherapy. Not to mention the surgical 552 00:55:19,770 --> 00:55:25,349 costs of removing tumours. So, what does it mean for their industry when a fifteen year 553 00:55:25,349 --> 00:55:30,000 old boy from Maryland, discovers a new way of detecting cancer? Which studies have shown 554 00:55:30,000 --> 00:55:37,000 to be potentially 99% accurate, 168 times faster and 26,000 times cheaper than our current 555 00:55:38,640 --> 00:55:45,279 methods? Make no mistake, this amazing achievement, will be seen by the cancer profiteers as a 556 00:55:45,279 --> 00:55:51,720 blow to the industry. But regardless of their somewhat corrupt profit driven mentality, 557 00:55:51,720 --> 00:55:58,720 technology moves on and even when pharmaceuticals are the only option. Technology is yet again 558 00:55:58,839 --> 00:56:05,839 providing solutions. Organic Chemists make molecules very complicated 559 00:56:09,190 --> 00:56:13,579 molecules by chopping up a big molecule into smaller molecules and doing reverse engineering. 560 00:56:13,579 --> 00:56:20,140 As a chemist one of the things I wanted to ask my research group a couple of years ago 561 00:56:20,140 --> 00:56:26,319 is, could we make a really cool universal chemistry set? In essence could we "App" 562 00:56:26,319 --> 00:56:31,099 chemistry? Well to start to do this we took a 3D printer 563 00:56:31,099 --> 00:56:37,710 and we started to print our beakers and our test tubes on one side and then print the 564 00:56:37,710 --> 00:56:41,720 molecule at the same time on the other side and combine them together in what we call 565 00:56:41,720 --> 00:56:46,819 "Reaction ware" and so by printing the vessel and doing the chemistry at the same 566 00:56:46,819 --> 00:56:52,950 time we may start to access this universal toolkit of chemistry. Now what could this 567 00:56:52,950 --> 00:56:59,710 mean? Well if we can bed biological and chemical networks like a search engine, so if you have 568 00:56:59,710 --> 00:57:05,000 a cell that's ill that you need to cure or bacteria you want to kill, if you have 569 00:57:05,000 --> 00:57:10,160 this embedded in your device at the same time and you do the chemistry, you make be able 570 00:57:10,160 --> 00:57:16,720 to make drugs in a new way. So how are we doing this in the lab? Well 571 00:57:16,720 --> 00:57:21,119 it requires software, it requires hardware, and it requires chemical inks, and so the 572 00:57:21,119 --> 00:57:26,849 really cool bit is the idea to have a universal set of inks which we put out with the printer 573 00:57:26,849 --> 00:57:32,849 and you download the blue print, the organic chemistry for that molecule and you make it 574 00:57:32,849 --> 00:57:39,849 in the device. So you can make your molecule in the printer using this software. So what 575 00:57:40,960 --> 00:57:46,430 could this mean? You don't have to go to the chemist anymore. We can print drugs at 576 00:57:46,430 --> 00:57:52,119 point of need. We can download new diagnostics, say a new superbug has emerged; you put it 577 00:57:52,119 --> 00:57:57,690 in your search engine and you create the drug to treat the threat. So this allows you on 578 00:57:57,690 --> 00:58:03,059 the fly molecular assembly but perhaps for me the cool bit going in to the future is 579 00:58:03,059 --> 00:58:08,589 this idea of taking your own stem cells with your genes and your environment and you print 580 00:58:08,589 --> 00:58:15,420 your own personal medicine. And if that doesn't seem fanciful enough where do u think we're 581 00:58:15,420 --> 00:58:22,420 goanna go? Ur goanna have your own personal matter fabricator. 582 00:58:22,480 --> 00:58:28,520 As well as using bio-printing for binding molecules into medicine, bio-printing is also 583 00:58:28,520 --> 00:58:35,520 being used to construct organs. Today we can print an entire lung. 584 00:58:38,329 --> 00:58:45,329 Hospitals Now looking at hospital care, I'm sure most 585 00:58:48,770 --> 00:58:53,799 of you are now aware of these "tele presence" robots which allows intensive care specialists 586 00:58:53,799 --> 00:58:59,250 to remotely communicate with patients across multiple hospitals and as the robots have 587 00:58:59,250 --> 00:59:04,940 the ability to transmit information regarding the heart and breathing, examinations can 588 00:59:04,940 --> 00:59:11,010 occur much faster, while actually reducing the work load of hospital staff since it eliminates 589 00:59:11,010 --> 00:59:17,539 the need for patients to be transferred to intensive care units in some cases. The hospital's 590 00:59:17,539 --> 00:59:23,210 workload is also being reduced by "Aethon" TUG System in which an Autonomous robotic 591 00:59:23,210 --> 00:59:29,329 courier can make their rounds, carrying prescriptions, medical waste, food trays and up to two hundred 592 00:59:29,329 --> 00:59:36,329 pounds of laundry. 593 00:59:36,760 --> 00:59:43,760 Home Care As for home care, meet Asimo, Asimo is a humanoid 594 00:59:46,819 --> 00:59:53,819 robot created by Honda, with the aspiration of helping people who lack full mobility. 595 00:59:54,420 --> 01:00:01,420 Since he was first introduced in 2000, he has gradually improved in mobility and communication. 596 01:00:15,260 --> 01:00:22,260 (Thank you) Eventually Asimo will be capable of performing 597 01:00:49,440 --> 01:00:53,369 most takes typically required of home-care staff. 598 01:00:53,369 --> 01:00:59,119 Now, there are many people who irrationally fear technology, with their frame of reference 599 01:00:59,119 --> 01:01:05,119 limited to what they see in movies. But in reality technology is the provider of many 600 01:01:05,119 --> 01:01:09,400 solutions across the full spectrum of health and illnesses. 601 01:01:09,400 --> 01:01:16,359 When she was born her legs were up by her ears and her shoulders were internally rotated 602 01:01:16,359 --> 01:01:23,230 and she had ulnar deviation on her hands and rocker bottom feet. The geneticist came upstairs 603 01:01:23,230 --> 01:01:27,230 and told us that she had arthrogryposis multiplex congenital. They brought her legs down and 604 01:01:27,230 --> 01:01:34,230 they casted her and slowly and surly she started to develop. Our first year with Emma we found 605 01:01:41,270 --> 01:01:45,430 out that there was goanna be a conference and it was in Philadelphia. 606 01:01:45,430 --> 01:01:50,779 It was an arthrogryposis family meeting in Philadelphia where I described the WREX. 607 01:01:50,779 --> 01:01:57,210 We watched a presentation on the WREX. And that's how it all started. We ended 608 01:01:57,210 --> 01:02:03,380 up in Terick and Whitney's workshop. The WREX was attached to a stand and she was 609 01:02:03,380 --> 01:02:09,549 able to put her arms into the WREX and for the first time be able to lift her hand up 610 01:02:09,549 --> 01:02:13,420 towards her mouth. She just started throwing her hands around 611 01:02:13,420 --> 01:02:16,210 and playing. We were bringing candy up for her to eat and 612 01:02:16,210 --> 01:02:20,990 we were bringing toys up there and it was so fun for us to go up there and see her play 613 01:02:20,990 --> 01:02:27,990 The existing WREX is all metal parts and it's kinda big and Emma was too small for that 614 01:02:28,980 --> 01:02:34,980 so we required something light and small and would attach to her body and go with her. 615 01:02:34,980 --> 01:02:38,220 So that's where we had this "Stratasys 3D printing machine" and we thought well 616 01:02:38,220 --> 01:02:44,670 we could print it out for her. And he did it and the weight difference is 617 01:02:44,670 --> 01:02:49,960 significant and for a child who only weight twenty five pounds it makes a big difference. 618 01:02:49,960 --> 01:02:55,630 Whitney and Terick put their minds together and came up with a jacket and they would put 619 01:02:55,630 --> 01:03:00,170 the WREX on that and were on our second jacket, she outgrew the first one and now we're 620 01:03:00,170 --> 01:03:06,579 on our second one and its still evolving it's still growing into this incredible prosthetic 621 01:03:06,579 --> 01:03:13,579 which helps her to use her arms. Without the 3D printer we would not be in 622 01:03:13,950 --> 01:03:18,839 a position we're in with these younger kids making them a WREX device that can go with 623 01:03:18,839 --> 01:03:23,420 them. This is one of those industries that matches 624 01:03:23,420 --> 01:03:29,190 perfectly with 3D printing additive manufacturing because we need custom everything. 625 01:03:29,190 --> 01:03:34,700 I think 3D scanning and printing technology is the future for this field. 626 01:03:34,700 --> 01:03:40,210 The ABS plastic that they use is the same plastic they use in LEGO its human friendly 627 01:03:40,210 --> 01:03:45,190 if you will, its really strong and durable to handle the abuse, we can answer a need 628 01:03:45,190 --> 01:03:47,539 in a heartbeat. If the WREX breaks all I have to do is take 629 01:03:47,539 --> 01:03:53,279 a picture and email it to whiney, he knows exactly what the piece is, he prints it out 630 01:03:53,279 --> 01:03:55,880 I go to the hospital or he's even mailed them. 631 01:03:55,880 --> 01:04:01,900 I don't have to worry about D-time to machine something or order supplies. I can just basically 632 01:04:01,900 --> 01:04:04,519 go back to my program and print out another one. 633 01:04:04,519 --> 01:04:11,430 And it's back together and it's working. When she started to express herself we would 634 01:04:11,430 --> 01:04:16,190 go upstairs and we would say Emma ya know were gonna put the WREX on and she called 635 01:04:16,190 --> 01:04:20,450 them her magic arms and everyone in the room cried. 636 01:04:20,450 --> 01:04:24,960 We took it off of her on this one occasion to make some adjustments to it and as we took 637 01:04:24,960 --> 01:04:31,589 it off she cried out "I want that" and we didn't think all that much of it but 638 01:04:31,589 --> 01:04:38,400 when mom started to cry and uh. We look over and ask mom why she's crying and she kind 639 01:04:38,400 --> 01:04:45,150 of takes a moment to recompose herself and tell us that that was her first complete sentence. 640 01:04:45,150 --> 01:04:52,150 To be a part of that made it a little special moment for somebody else ya know can't help 641 01:05:08,920 --> 01:05:15,920 but uh kinda tug at your heart strings. 642 01:05:26,019 --> 01:05:27,579 Food & Accommodation The fast food industry for one is heavily 643 01:05:27,579 --> 01:05:34,250 under threat by the same self-serving processes mentioned earlier. In May of 2011, McDonald's 644 01:05:34,250 --> 01:05:39,579 announced its plans to install touch-screen technology across 7,000 restaurants in Europe. 645 01:05:39,579 --> 01:05:46,579 Parts of the UK have already begun implementation and in some states in America, voice recognition 646 01:05:47,390 --> 01:05:53,799 has replaced the drive thru. Can I get, can I get a twenty piece? 647 01:05:53,799 --> 01:05:59,410 A twenty piece chicken nugget, what kind of sauces would you like? 648 01:05:59,410 --> 01:06:04,750 Uh what is it? What kind of sauce do we have? 649 01:06:04,750 --> 01:06:11,140 We got that honey mustard barbecue sweet and source we got honey style hot sauce that burns 650 01:06:11,140 --> 01:06:18,140 for hours, we got that buffalo ranch if you need more ask chipotle barbecue ask me for 651 01:06:19,809 --> 01:06:20,059 more and I'll tell you. 652 01:06:19,809 --> 01:06:25,950 As for the kitchen staff, automated systems are already being used such processes as draining 653 01:06:25,950 --> 01:06:32,339 and refilling deep fat fryers, making many human tasks redundant. But perhaps the largest 654 01:06:32,339 --> 01:06:37,089 implied threat has to do with the American robotics company, "Momentum Machines" 655 01:06:37,089 --> 01:06:41,839 which is predicted to revolutionise the fast food industry. They are currently preparing 656 01:06:41,839 --> 01:06:46,559 to open the world's first "smart restaurant" with its automated burger machine. Capable 657 01:06:46,559 --> 01:06:51,410 of dispensing around three hundred and sixty burgers an hour. Not only does their machine 658 01:06:51,410 --> 01:06:57,069 construct and cook patties but it also slices the toppings to order and the technology even 659 01:06:57,069 --> 01:07:01,880 allows for customisation, composed of meat ground to order and assembled in whatever 660 01:07:01,880 --> 01:07:07,140 combination the customer desires. 661 01:07:07,140 --> 01:07:13,349 Restaurants Restaurant jobs are also threated by atomisation, 662 01:07:13,349 --> 01:07:20,349 whether it's assisting chefs or replacing them completely. 663 01:07:36,920 --> 01:07:43,920 Waiters What about the job of the restaurant waiter? 664 01:08:23,750 --> 01:08:29,229 Well aside from using robots, Germany is pioneering a different approach. You make your order 665 01:08:29,229 --> 01:08:33,170 from a touch screen situated at your table and the food is dispensed via a railing system 666 01:08:33,170 --> 01:08:39,520 and delivered to your table when ready. 667 01:08:39,520 --> 01:08:46,520 Hotels Hotel services are a little harder to automate, 668 01:08:50,600 --> 01:08:54,988 but obviously there are elements of automation which do reduce the workload. 669 01:08:54,988 --> 01:09:01,988 Straight away you have automatic check in and a restaurant which turns into a dance 670 01:09:05,399 --> 01:09:12,399 floor. Were at Yotel New York which opened in June 671 01:09:12,509 --> 01:09:18,939 2011, Yotel is a fun and futuristic brand. Some of the things we have in the hotel are 672 01:09:18,939 --> 01:09:20,750 motorised beds in the rooms and we have Yobot which is our answer to futuristic luggage 673 01:09:20,750 --> 01:09:27,750 handling. At the moment what we do is we take people's luggage and they store it in the 674 01:09:34,238 --> 01:09:39,089 bins provided and Yobot takes it and stores it up on the wall. What we've done now is 675 01:09:39,089 --> 01:09:42,420 we've agreed with the airports for example like the jet-blue terminal you'll be able 676 01:09:42,420 --> 01:09:46,658 to choose which airport you want to go to, say JFK or Newark, the bin will come down, 677 01:09:46,658 --> 01:09:51,799 you'll put the luggage in there and then Yobot will shift your luggage through tunnels 678 01:09:51,799 --> 01:09:58,799 in new York and you'll be able to pick it up at each of the airport terminals. Also 679 01:10:05,010 --> 01:10:10,060 were looking at a luggage tracker which we'll be able to download on our mobile app so youll 680 01:10:10,060 --> 01:10:15,090 be able to follow your luggage form its journey here at the hotel all the way to the airport 681 01:10:15,090 --> 01:10:20,080 and were also even looking at being able to sip people and the luggage for yotel new York 682 01:10:20,080 --> 01:10:23,620 to one of our airport hotels in the future. 683 01:10:23,620 --> 01:10:28,000 Even cleaning and maintenance is potentially threatened by a series of robots such as the 684 01:10:28,000 --> 01:10:35,000 Roomba autonomous hoover and the Winbot autonomous window cleaner. But perhaps there are some 685 01:10:37,219 --> 01:10:44,000 non-automated threats to the traditional process of accommodation. Couchsurfing.com is a sort 686 01:10:44,000 --> 01:10:49,570 of social network community, where people register their hospitality. The idea being, 687 01:10:49,570 --> 01:10:54,630 if you want to travel, you simply type where you want to go, specify how many of you are 688 01:10:54,630 --> 01:11:00,380 going, and then search from a list of willing participants. Within this type of community, 689 01:11:00,380 --> 01:11:07,380 you could potentially travel the world without any need for paid accommodation. 690 01:11:09,800 --> 01:11:16,800 Mining and Quarrying The Sandvik Group are currently the leading 691 01:11:28,790 --> 01:11:33,989 global suppliers of service and technical solutions for the mining industry. Sandvik 692 01:11:33,989 --> 01:11:39,340 Automine has focused its efforts on developing a comprehensive solution for improving the 693 01:11:39,340 --> 01:11:45,530 safety, efficiency and productivity of underground mining operations, using autonomous trucks 694 01:11:45,530 --> 01:11:49,820 for loading and hauling they have created a flexible system which can be adapted to 695 01:11:49,820 --> 01:11:54,880 the unique working environment of individual operations, even processing ore to high grade 696 01:11:54,880 --> 01:12:00,960 copper concentrate on site. Through automation they have eliminated many human required jobs, 697 01:12:00,960 --> 01:12:04,900 while increasing production with improved drilling accuracy which has also been shown 698 01:12:04,900 --> 01:12:11,190 to lower the risk of damage incurred by machines. Currently Sandvik Automine are optimistic 699 01:12:11,190 --> 01:12:18,190 about achieving 100% automation of mining. Similarly, since 2009 the Australian mining 700 01:12:19,380 --> 01:12:25,280 company Rio Tinto has been using a fleet of Komatsu trucks. The trucks are over twenty 701 01:12:25,280 --> 01:12:32,130 feet tall, weigh over ten tons, and are capable of carrying over three hundred tons of material. 702 01:12:32,130 --> 01:12:36,590 The trucks are fitted with Komatsu's Autonomous Haulage System which allows navigation from 703 01:12:36,590 --> 01:12:43,590 loading units to dump locations, including waste dumps, stockpiles and crushers. 704 01:12:43,679 --> 01:12:49,030 However let's take a step back. Looking at the end product of a mining operation, 705 01:12:49,030 --> 01:12:54,500 the reason we associate gold and silver with such a high value, is because of the difficulty 706 01:12:54,500 --> 01:12:59,920 in obtaining and processing these materials coupled with the time it takes for the earth 707 01:12:59,920 --> 01:13:06,239 to naturally produce a diamond for example. The ability to produce a diamond in a lab 708 01:13:06,239 --> 01:13:12,389 has been around for a long time; however gem-quality results have only been achievable in the last 709 01:13:12,389 --> 01:13:18,370 few years. Specifically the American company "Gemesis" have made huge advancement in 710 01:13:18,370 --> 01:13:24,800 the production of synthetic diamonds, with an output of up to forty rare gems each day. 711 01:13:24,800 --> 01:13:30,300 As for the cost, a one-carat yellow diamond from nature equates to about thirteen point 712 01:13:30,300 --> 01:13:36,570 five thousand pounds whereas and a synthetic replica costs just four thousand pounds. 713 01:13:36,570 --> 01:13:42,090 So when we begin to speculate about the future of synthetic materials perhaps it's not 714 01:13:42,090 --> 01:13:48,090 too farfetched to think we could create copper, coltan, gold and silver and bring these materials 715 01:13:48,090 --> 01:13:53,179 to market for a much lower cost than they are today, which would, invariably reduce 716 01:13:53,179 --> 01:14:00,179 the costs of all technological applications which depend on these materials. 717 01:14:10,239 --> 01:14:17,239 Construction Construction employs over 2 million people 718 01:14:24,900 --> 01:14:31,900 in the UK and accounts for just under seven pecent of the nation's GDP. 719 01:14:31,900 --> 01:14:38,900 Firstly let's look at construction as it is today. Because of all the different trades 720 01:14:39,330 --> 01:14:45,730 involved, Construction is prone to management inefficiency and corruption. The actual process 721 01:14:45,730 --> 01:14:52,520 itself is slow, labour intensive & inefficient as well as being costly and usually over budget 722 01:14:52,520 --> 01:14:58,050 it is also highly wasteful of resources and responsible for producing vast amounts of 723 01:14:58,050 --> 01:15:04,630 carbon emission. As far as safety is concerned, construction is more dangerous than both mining 724 01:15:04,630 --> 01:15:10,380 and agriculture. Each year an average of sixty workers are fatally injured with seventy four 725 01:15:10,380 --> 01:15:17,380 thousand non-fatal injuries. Now let's look at the alternative. Contour 726 01:15:20,030 --> 01:15:25,590 Crafting is a process developed by the University of Southern California's Information Sciences 727 01:15:25,590 --> 01:15:30,960 Institute. Though initially conceived as a method to construct moulds for industrial 728 01:15:30,960 --> 01:15:36,650 parts, the technology of rapid home construction was proposed as a way to rebuild cities after 729 01:15:36,650 --> 01:15:41,989 natural disasters occurred. Currently it uses a computer-controlled crane to distribute 730 01:15:41,989 --> 01:15:48,150 concrete layer by layer incorporating, plumbing and electrical network installation. With 731 01:15:48,150 --> 01:15:53,840 Contour Crafting buildings are rapidly and efficiently constructed with zero manual labour, 732 01:15:53,840 --> 01:15:59,969 zero waste and little emission. It is estimated an average family home could be built in less 733 01:15:59,969 --> 01:16:06,340 than twenty hours. However the homes of the future will not be constrained by today's 734 01:16:06,340 --> 01:16:12,550 architectural limitations for these machines can extrude intricate and complex designs. 735 01:16:12,550 --> 01:16:18,900 Perhaps the design of your home will only be limited by your imagination. Now Contour 736 01:16:18,900 --> 01:16:25,190 Crafting is still relatively new, however, it is easy to see how in the near future this 737 01:16:25,190 --> 01:16:31,320 project could be commercialized as a means of streamlining the entire construction industry. 738 01:16:31,320 --> 01:16:38,320 Destroying a numbers of not only those associated with construction but also those of plumbers, 739 01:16:39,239 --> 01:16:46,239 electricians and perhaps even architects. 740 01:16:48,909 --> 01:16:55,909 Education Today 741 01:17:03,000 --> 01:17:10,000 The mainstream method of education currently requires an all knowing authority figure fulfilling 742 01:17:21,320 --> 01:17:26,870 the role of teacher and relaying imperial information to student's after which said 743 01:17:26,870 --> 01:17:31,639 teacher will then review and grade the work of the students. This traditional approach 744 01:17:31,639 --> 01:17:37,730 to learning has been widely criticised throughout recent years, as it relies on rote memorisation, 745 01:17:37,730 --> 01:17:42,969 teaching students what to think as opposed to how to think. And using the grading system 746 01:17:42,969 --> 01:17:49,969 has also been shown to create structural classism. Sugata Mitra is a Professor of Educational 747 01:17:58,000 --> 01:18:04,150 Technology at the University of Newcastle. His first experiment in child learning began 748 01:18:04,150 --> 01:18:08,710 in 1999 with the hole in the wall project. Initially, a computer was placed in a kiosk 749 01:18:08,710 --> 01:18:13,900 built within a wall in a slum at New Delhi and children were allowed to use the computer 750 01:18:13,900 --> 01:18:19,489 freely. The experiment aimed to show that kids could be taught by computers very easily 751 01:18:19,489 --> 01:18:24,840 without any formal training and independent of adult supervision. Mitra termed this approach 752 01:18:24,840 --> 01:18:31,840 "Minimally Invasive Education". The experiment grew and was repeated in many places, currently 753 01:18:31,989 --> 01:18:37,670 there are more than twenty three hole in the wall kiosks in rural India and in 2004 was 754 01:18:37,670 --> 01:18:44,239 extended to Cambodia. The results have now demonstrated that groups of children, irrespective 755 01:18:44,239 --> 01:18:49,380 of who they are or where they are, can learn to use computers and the Internet on their 756 01:18:49,380 --> 01:18:54,920 own, using public computers in open spaces such as streets and playgrounds, even without 757 01:18:54,920 --> 01:19:01,920 initially knowing any English. I wanted to test the limits of this system. 758 01:19:02,070 --> 01:19:06,810 The first experiment I did out of Newcastle was actually done in India and I set myself 759 01:19:06,810 --> 01:19:13,810 an impossible target. Can Tamel speaking twelve year old children in a south Indian village 760 01:19:16,699 --> 01:19:23,139 teach themselves biotechnology in English on their own? I thought I'll test them, 761 01:19:23,139 --> 01:19:26,760 they'll get a zero, I'll give them material, I'll come back and test them, they'll 762 01:19:26,760 --> 01:19:32,760 get another zero, I'll go back and say yes we need teachers for certain things. I called 763 01:19:32,760 --> 01:19:37,320 in twenty six children they all came in there, I told them that there's some really difficult 764 01:19:37,320 --> 01:19:41,400 stuff on this computer I wouldn't be surprised if you didn't understand anything. It's 765 01:19:41,400 --> 01:19:47,300 all in English and I'm going. I came back after two months, the twenty six children 766 01:19:47,300 --> 01:19:52,170 marched in looking very, very quiet. I said well, did you look at any of the steps, they 767 01:19:52,170 --> 01:19:59,090 said yes we did, did you understand anything, they said no, nothing. So I said, well, how 768 01:19:59,090 --> 01:20:03,570 long did you practice on it before you decided you understood nothing, they said we look 769 01:20:03,570 --> 01:20:07,600 at it every day, so I said for two months you are looking at stuff you didn't understand, 770 01:20:07,600 --> 01:20:13,260 so a twelve year old girl raises her hand and says, apart from the fact improper replication 771 01:20:13,260 --> 01:20:17,239 of the DNA molecule causes genetic disease we've understood nothing else (crowd laughs). 772 01:20:17,239 --> 01:20:24,239 So the schools have gone up from 0% to 30% which is an educational impossibility under 773 01:20:30,370 --> 01:20:36,219 the circumstances, but 30% is not a pass. So I found that they had a friend, a local 774 01:20:36,219 --> 01:20:41,600 accountant, a young girl, and they play football with her. I asked that girl if they would 775 01:20:41,600 --> 01:20:45,190 teach them enough Biotechnology to pass and she said how would I do that, I don't know 776 01:20:45,190 --> 01:20:48,010 the subject, and I said no, use the method of the Grandmother, she said what's that 777 01:20:48,010 --> 01:20:55,010 and I said what you've got to do is stand behind them, and admire them all the time 778 01:20:55,510 --> 01:21:00,090 (crowd laughs), just say to them, that's cool, that's fantastic, what is that, can 779 01:21:00,090 --> 01:21:04,280 you do that again, can you show me some more. She did that for 2 months, the score went 780 01:21:04,280 --> 01:21:10,130 up to 50% which is what the posh schools of New Dehli with the trained Biotechnology teachers 781 01:21:10,130 --> 01:21:17,130 were getting. So I came back to Newcastle with these results and decided that there 782 01:21:17,360 --> 01:21:24,050 was something happening here that definitely was getting very serious. Across the River 783 01:21:24,050 --> 01:21:29,320 Thames, five thousand miles from Dehli, is the little town of Gateshead, in Gateshead 784 01:21:29,320 --> 01:21:36,320 I took thirty two children and I started to fine tune the method, I made them into groups 785 01:21:36,389 --> 01:21:41,170 of four, I said you make your own groups of four, each group of four can use one computer, 786 01:21:41,170 --> 01:21:46,699 and not four computers. You can exchange groups, you can walk across to another group if you 787 01:21:46,699 --> 01:21:51,760 don't like your group etc. You can go to another group, peer over their shoulder, see 788 01:21:51,760 --> 01:21:58,760 what they're doing, come back to your own group and claim it as your own work. The children 789 01:21:58,860 --> 01:22:01,590 enthusiastically got up to me and said what do you want us to do? I gave them six GCSE 790 01:22:01,590 --> 01:22:08,590 questions. The first group, the best one solved everything, in twenty minutes, the worst, 791 01:22:09,429 --> 01:22:14,360 in forty five, they used everything that they knew: Newsgroups, Google, Wikipedia, Ask Jeeves 792 01:22:14,360 --> 01:22:21,090 etc. The teachers said, is this deep learning, I said well, let's try it. I'll come back 793 01:22:21,090 --> 01:22:26,409 after two months, we'll give them a paper test, no computers, no talking to each other 794 01:22:26,409 --> 01:22:30,310 etc. The average score when I done it with the computers and the groups was 76%. When 795 01:22:30,310 --> 01:22:37,310 I did the experiment, when I did the test after two months, the score was... 76%. There 796 01:22:39,540 --> 01:22:45,130 was photographic recall inside the children; I suspect because they were discussing with 797 01:22:45,130 --> 01:22:51,250 each other, a single child in front of a single computer will not do that, I have further 798 01:22:51,250 --> 01:22:57,239 results which are, almost unbelievable of scores which go up with time, because the 799 01:22:57,239 --> 01:23:02,360 teachers say after the session is over, the children continue to Google further. Here 800 01:23:02,360 --> 01:23:09,360 in Britain I've put in a call for British Grandmothers, after my Kupum experiment, the 801 01:23:09,780 --> 01:23:16,699 deal was they would give me one hour of broadband time sitting at their homes, one day in a 802 01:23:16,699 --> 01:23:23,540 week. So they did that and over the last two years, over six hundred hours of instructions 803 01:23:23,540 --> 01:23:29,699 have been over Skype, using what my students call, the Granny Cloud. (Girl in class talking) 804 01:23:29,699 --> 01:23:36,699 Back in Gateshead, a ten year old girl gets into the heart of Hinduism, in fifteen minutes, 805 01:23:37,280 --> 01:23:44,280 you know stuff which don't know, anything about (crowd laughs), Two children watch a 806 01:23:44,739 --> 01:23:50,830 TED talk, they wanted to be footballers before, after watching eight TED talks, he wants to 807 01:23:50,830 --> 01:23:57,830 become Leonardo Da Vinci (crowd laughs) (applause), it's pretty simple stuff. This is what I'm 808 01:24:00,389 --> 01:24:07,389 building now, they are called SOLEs, Self-Organised Learning Environments, the furniture is designed 809 01:24:07,900 --> 01:24:13,909 so children can sit in front of big, powerful screens, big broadband connections but in 810 01:24:13,909 --> 01:24:19,830 groups. If they want they can call the Granny Cloud, this is a SOLE in Newcastle, the mediator 811 01:24:19,830 --> 01:24:26,830 is from Umea, India. So how far can we go, I think we've just stumbled across a self-organising 812 01:24:27,150 --> 01:24:32,909 system. A self-organising system is one where a structure appears without explicit intervention 813 01:24:32,909 --> 01:24:38,369 from the outside, self-organising systems also always show emergence, which is when 814 01:24:38,369 --> 01:24:43,570 the system starts to do things which it was never designed for, which is why you react 815 01:24:43,570 --> 01:24:49,969 the way you do because it looks impossible. I think I can make a guess now, education 816 01:24:49,969 --> 01:24:54,940 is organising system, where learning is an emergent phenomenon, it will take a few years 817 01:24:54,940 --> 01:24:59,380 to prove it experimentally but I'm going to try but in the meanwhile there is a method 818 01:24:59,380 --> 01:25:04,239 available. One billion children, we will need one hundred million mediators, there are many 819 01:25:04,239 --> 01:25:09,550 more than that on the planet, ten million SOLEs, one hundred and eighty billion dollars 820 01:25:09,550 --> 01:25:13,030 and ten years, we could change everything! 821 01:25:13,030 --> 01:25:20,030 So, children left to their own devices are capable of self-learning, perhaps limited 822 01:25:20,719 --> 01:25:27,360 only by their ability to search for information. But what if this process was made easier? 823 01:25:27,360 --> 01:25:33,480 What if there was a website which consolidated a vast range of subjects with short educational 824 01:25:33,480 --> 01:25:39,820 explanatory videos, detailing almost every aspect of mathematics, history, healthcare, 825 01:25:39,820 --> 01:25:46,820 medicine, finance, physics, chemistry, biology, astronomy, economics, cosmology, civics and 826 01:25:47,960 --> 01:25:53,619 computer science. Well that website exists; it's called the Kahn academy, developed 827 01:25:53,619 --> 01:25:59,170 by Salman Kahn in 2006. The site currently has more than 4,000 micro lectures and has 828 01:25:59,170 --> 01:26:05,000 delivered over two hundred and forty million lessons worldwide. In fact the Kahn academy 829 01:26:05,000 --> 01:26:11,440 has been so successful it is likely the primary inspiration behind Academic Earth, which has 830 01:26:11,440 --> 01:26:17,580 evolved the concept to include actual lectures form more than forty top US colleges including 831 01:26:17,580 --> 01:26:24,580 Harvard, MIT, Princeton, Stanford, and Yale. Since Academic Earth, a group of educators 832 01:26:24,610 --> 01:26:31,050 from Stanford University have formed Coursea. Adopting the same premise as Kahn and Academic 833 01:26:31,050 --> 01:26:38,050 Earth, However, with Coursea upon the completion of on-line courses, students are awarded certificates 834 01:26:38,270 --> 01:26:44,199 which can and indeed have been used to gain employment and in some cases, as a substitute 835 01:26:44,199 --> 01:26:51,199 for credit in real world educational institutions. 836 01:26:54,179 --> 01:27:01,179 Arts & Entertainment Incentive 837 01:27:06,850 --> 01:27:13,850 In looking at the future of the arts in relation to jobs, I feel an important distinction must 838 01:27:15,100 --> 01:27:18,570 be drawn. There are really two concepts of employment 839 01:27:18,570 --> 01:27:25,449 which tends to go unacknowledged. The first is driven by financial necessity. This version 840 01:27:25,449 --> 01:27:30,770 makes employment something we submit to in order to gain access to our life supporting 841 01:27:30,770 --> 01:27:36,500 needs; the other is driven by passion, making employment a creative outlet where financial 842 01:27:36,500 --> 01:27:43,500 stability is a by-product and not the primary motivation. In fact when it comes to art, 843 01:27:43,760 --> 01:27:50,760 or any process involving creativity, monetary rewards are actually in-verse to productivity. 844 01:27:55,940 --> 01:28:01,440 Our motivations are unbelievably interesting. The science is really surprising. The science 845 01:28:01,440 --> 01:28:08,290 is a little bit freaky, okay. We are not as endlessly manipulable and predictable as you 846 01:28:08,290 --> 01:28:13,139 would think. There's a whole set of unbelievably interesting studies. I want to give you two 847 01:28:13,139 --> 01:28:17,159 that call into question this whole idea that if you reward something you get more of the 848 01:28:17,159 --> 01:28:19,520 behaviour you want, if you punish something you get less of it. 849 01:28:19,520 --> 01:28:25,920 So let's go from London to the mean streets of Cambridge, Massachusetts, in the northeastern 850 01:28:25,920 --> 01:28:29,260 part of the United States, and let's talk about a study done at MIT -- Massachusetts 851 01:28:29,260 --> 01:28:33,280 Institute of Technology. Here's what they did: they took a whole group of students and 852 01:28:33,280 --> 01:28:39,330 gave them a set of challenges. Things like memorizing a string of digits, solving word 853 01:28:39,330 --> 01:28:43,600 puzzles, other kinds of spatial puzzles, even physical tasks like throwing a ball through 854 01:28:43,600 --> 01:28:48,239 a hoop. They gave 'em these challenges and they said to incentivize their performance, 855 01:28:48,239 --> 01:28:53,010 they gave them three levels of rewards, okay. So if you did pretty well you got a small 856 01:28:53,010 --> 01:28:58,580 monetary reward, if you did medium well you got a medium reward, and if you did really 857 01:28:58,580 --> 01:29:03,630 well, if you were one of the top performers, you got a large cash prize. We've seen this 858 01:29:03,630 --> 01:29:09,210 movie before. This is a typical motivation scheme within organizations. Right? We reward 859 01:29:09,210 --> 01:29:14,960 the very top performers, we ignore the low performers, and the folks in the middle...okay, 860 01:29:14,960 --> 01:29:20,639 you get a little. So what happens? They do the test, they have these incentives, and 861 01:29:20,639 --> 01:29:25,820 here's what they found out: (1) As long as the task involved only mechanical 862 01:29:25,820 --> 01:29:31,610 skill, bonuses worked as would be expected: the higher the pay, the better the performance. 863 01:29:31,610 --> 01:29:37,719 That makes sense. But here's what happened: once the test called for even rudimentary 864 01:29:37,719 --> 01:29:44,719 cognitive skill, a larger reward led to poorer performance! Now this is strange...a larger 865 01:29:45,469 --> 01:29:50,070 reward led to poorer performance. How can that possibly be? Now what's interesting about 866 01:29:50,070 --> 01:29:55,420 this is that the folks who did it are all economists -- two at MIT, one at the University 867 01:29:55,420 --> 01:29:59,440 of Chicago, one at Carnegie Mellon -- okay, the top tier of the economics profession, 868 01:29:59,440 --> 01:30:04,650 and they're reaching this conclusion that seems contrary to what most of us learned 869 01:30:04,650 --> 01:30:08,699 in economics, which is that the higher the reward, the better the performance. And they're 870 01:30:08,699 --> 01:30:15,699 saying, once you get above rudimentary cognitive skill, it's the other way around. The idea 871 01:30:16,159 --> 01:30:21,650 that these rewards don't work that way seems vaguely left wing and socialist, doesn't it? 872 01:30:21,650 --> 01:30:26,880 It's this weird, socialist conspiracy. For those of you who have those conspiracy theories, 873 01:30:26,880 --> 01:30:32,230 I want to point out the notoriously left-wing socialist group that financed the research: 874 01:30:32,230 --> 01:30:37,489 the Federal Reserve Bank -- the most mainstream of the mainstream coming to a conclusion that 875 01:30:37,489 --> 01:30:43,219 seems to defy the laws of behavioural physics! So this is strange, strange findings. So what 876 01:30:43,219 --> 01:30:49,860 do they do? They say let's go test it somewhere else. Maybe that $50, $60 prize isn't sufficiently 877 01:30:49,860 --> 01:30:56,770 motivating for MIT students. Let's go to a place where $50 is more significant relatively. 878 01:30:56,770 --> 01:31:00,659 So we're gonna take the experiment and go to Madurai, India -- rural India -- where 879 01:31:00,659 --> 01:31:05,810 $50, $60, whatever the number was is actually a significant sum of money. So they replicated 880 01:31:05,810 --> 01:31:11,020 the experiment in India roughly as follows: the small rewards were roughly the equivalent 881 01:31:11,020 --> 01:31:18,020 of two weeks' salary; medium performance, about a month's salary; high performance, 882 01:31:20,320 --> 01:31:25,780 about two months' salary. Those are good incentives, so you're probably goanna get a different 883 01:31:25,780 --> 01:31:31,409 result here. But what happened was that, the people offered the medium reward did no better 884 01:31:31,409 --> 01:31:35,280 than the people offered the small reward. But this time around the people offered the 885 01:31:35,280 --> 01:31:40,139 highest reward did worst of all! Higher incentives led to worse performances. What's interesting 886 01:31:40,139 --> 01:31:44,540 about this is it isn't all that anomalous. This has been replicated over and over and 887 01:31:44,540 --> 01:31:51,130 over again by psychologists, by sociologists, and by economists -- over and over and over 888 01:31:51,130 --> 01:31:55,540 again. For simple, straightforward tasks, these kinds of incentives -- "If you do 889 01:31:55,540 --> 01:31:59,780 this then you get that" -- they're great. For tasks that are algorithmic, you just follow 890 01:31:59,780 --> 01:32:06,780 a set of rules; get a right answer, if then, carrots and sticks...outstanding. But when 891 01:32:09,340 --> 01:32:13,840 a task gets more complicated, when it requires some conceptual, creative thinking, those 892 01:32:13,840 --> 01:32:20,840 kinds of motivators demonstrably don't work. Fact: money is a motivator at work, but in 893 01:32:21,030 --> 01:32:25,639 a slightly strange way. If you don't pay people enough they won't be motivated. What's curious 894 01:32:25,639 --> 01:32:30,030 is there's another paradox here, that the best use of money as a motivator is to pay 895 01:32:30,030 --> 01:32:34,630 people enough to take the issue of money off the table. Pay people enough that they're 896 01:32:34,630 --> 01:32:38,330 not thinking about money, they're thinking about the work. Once you do that, it turns 897 01:32:38,330 --> 01:32:44,080 out there are three factors that science shows lead to better performance, not to mention 898 01:32:44,080 --> 01:32:48,389 personal satisfaction: autonomy, mastery, and purpose. 899 01:32:48,389 --> 01:32:53,110 Autonomy is our desire to be self-directed -- to direct our own lives. In many ways, 900 01:32:53,110 --> 01:32:57,650 traditional notions of management runs afoul of that. Management is great if you want compliance; 901 01:32:57,650 --> 01:33:01,119 but if you want engagement, which is what we want in the workplace today as people are 902 01:33:01,119 --> 01:33:06,210 doing more complicated, sophisticated things, self-direction is better. Let me give you 903 01:33:06,210 --> 01:33:10,540 some examples of this. One of the most radical forms of self-direction in the workplace that 904 01:33:10,540 --> 01:33:16,500 leads to good results. Let's start with Atlassian -- an Australian software company, and they 905 01:33:16,500 --> 01:33:20,520 do something really cool. Once a quarter on a Thursday afternoon, they say 906 01:33:20,520 --> 01:33:25,550 to their developers, "For the next 24 hours you can work anything you want. You can work 907 01:33:25,550 --> 01:33:29,190 on it the way you want, you can work on it with whoever you want. All we ask is that 908 01:33:29,190 --> 01:33:33,280 you show those results to the company at the end of the 24 hours." And it's a fun kind 909 01:33:33,280 --> 01:33:40,139 of meeting, with beer and cake, and fun, and other things like that. It turns out that 910 01:33:40,139 --> 01:33:46,790 that one day of pure, undiluted autonomy has led to a whole array of fixes for existing 911 01:33:46,790 --> 01:33:51,840 software, a whole array of ideas for new products that otherwise would have never emerged. One 912 01:33:51,840 --> 01:33:54,119 day! Now this is not an "if then" incentive. 913 01:33:54,119 --> 01:33:57,139 This is not the sort of thing I would have done three years ago, before I heard this 914 01:33:57,139 --> 01:34:01,969 research. I would've said, you want people to be creative and innovative? Give 'em a 915 01:34:01,969 --> 01:34:05,460 freakin innovation bonus. "If you can do something cool, I'll give you $2,500." They're 916 01:34:05,460 --> 01:34:09,429 not doing this at all. They're essentially saying, you probably wanna do something interesting, 917 01:34:09,429 --> 01:34:13,989 let me just get out of your way. One day of autonomy produces things that would never 918 01:34:13,989 --> 01:34:16,730 emerge. Now let's talk about mastery. Mastery is our 919 01:34:16,730 --> 01:34:21,739 urge to get better at stuff. We like to get better at stuff. This is why people play musical 920 01:34:21,739 --> 01:34:27,369 instruments on the weekend. These people act in ways that don't make any sense economically. 921 01:34:27,369 --> 01:34:33,179 They play musical instruments on the weekends. Why? It's not gonna make them any money. 'Cause 922 01:34:33,179 --> 01:34:38,040 it's fun. 'Cause you get better at it, and that's satisfying. Go back in time a little 923 01:34:38,040 --> 01:34:42,949 bit. Imagine. I imagine if I went to my first economics professor, a woman named Mary Alice 924 01:34:42,949 --> 01:34:49,489 Shulman, if I went to her in 1983 and said, "Professor Shulman, can I talk to you after 925 01:34:49,489 --> 01:34:54,020 class a minute? I got this inkling...I've got this idea for a business model; I just 926 01:34:54,020 --> 01:34:59,790 wanna run it past you. Here's how it would work: you get a bunch of people around the 927 01:34:59,790 --> 01:35:06,060 world that are doing highly skilled work, but they're willing to do it for free and 928 01:35:06,060 --> 01:35:11,119 volunteer their time -- twenty, sometimes thirty hours a week." She's looking at me 929 01:35:11,119 --> 01:35:16,770 somewhat skeptically now. "Oh, but I'm not done! Then, what they create, they give it 930 01:35:16,770 --> 01:35:23,770 away rather than sell it. It's gonna be huge!" She would have thought I was insane. It seems 931 01:35:24,719 --> 01:35:30,449 to fly in the face of so many things. But you have Linux powering servers in one out 932 01:35:30,449 --> 01:35:36,010 of four Fortune 500 companies. You have Apache powering more than the majority of web servers. 933 01:35:36,010 --> 01:35:40,949 You have Wikipedia. What's going on? Why are people doing this? Why are these people, many 934 01:35:40,949 --> 01:35:46,989 of whom are technically sophisticated, highly skilled people--who have jobs, they have jobs, 935 01:35:46,989 --> 01:35:53,989 they're working at jobs for pay doing sophisticated technical work -- and yet, during their limited 936 01:35:54,239 --> 01:36:00,510 discretionary time, they do equally if not more technically sophisticated work, not for 937 01:36:00,510 --> 01:36:06,219 their employer, but for someone else for free! That's a strange economic behavior! Economists 938 01:36:06,219 --> 01:36:12,070 have looked into it: why are they doing this? It's overwhelmingly clear: challenge and mastery, 939 01:36:12,070 --> 01:36:15,360 along with making a contribution, that's it. What you're seeing, more and more, what's 940 01:36:15,360 --> 01:36:21,090 arising is what you might call the purpose motive. Organizations want to have some kind 941 01:36:21,090 --> 01:36:25,239 of transcendent purpose -- partly because it makes coming to work better, partly because 942 01:36:25,239 --> 01:36:31,530 that's the way to get better talent. And what we're seeing now is when the profit motive 943 01:36:31,530 --> 01:36:37,540 becomes unmoored from the purpose motive, bad things happen. Bad things ethically sometimes, 944 01:36:37,540 --> 01:36:44,540 but also bad things like just like not good stuff. Like crappy products, like lame services, 945 01:36:45,020 --> 01:36:50,489 like uninspiring places to work. When the profit motive is paramount or when it becomes 946 01:36:50,489 --> 01:36:56,040 completely unhitched from the purpose motive, people don't do great things. 947 01:36:56,040 --> 01:36:59,830 More and more organizations are realizing this, sort of disturbing the categories between 948 01:36:59,830 --> 01:37:05,489 what's profit and what's purpose. And I think that heralds something interesting. I think 949 01:37:05,489 --> 01:37:09,940 the companies that are flourishing, whether they're non-profit, for profit, or somewhere 950 01:37:09,940 --> 01:37:13,800 in between, are animated by this purpose model. Let me give you a few examples: Here's the 951 01:37:13,800 --> 01:37:18,639 founder of Skype. He says our goal is to be disruptive but in the cause of making the 952 01:37:18,639 --> 01:37:25,400 world a better place, pretty good purpose. Here's Steve Jobs. I wanna put a ding in the 953 01:37:25,400 --> 01:37:29,580 universe. Alright, that's the kind of thing that might get you up in the morning racing 954 01:37:29,580 --> 01:37:35,139 to go to work. So I think we are purpose maximizers, not 955 01:37:35,139 --> 01:37:40,460 only profit maximizers. The science shows that we care very, very deeply about mastery, 956 01:37:40,460 --> 01:37:44,489 and the science shows that we want to be self- directed. So I think the big takeaway here 957 01:37:44,489 --> 01:37:50,969 is that if we start treating people like people, and not assuming they're simply horses -- slower, 958 01:37:50,969 --> 01:37:56,110 smaller, better smelling horses -- if we get past this ideology of carrots and sticks 959 01:37:56,110 --> 01:38:01,280 and look at the science, I think we can actually build organizations and work lives that make 960 01:38:01,280 --> 01:38:04,940 us better off, and I think we also have the promise to make our world just a little bit 961 01:38:04,940 --> 01:38:06,909 better. 962 01:38:06,909 --> 01:38:13,909 So, while the all the mundane repetitive jobs are being assigned to machines, the jobs which 963 01:38:17,199 --> 01:38:24,179 exist outside of a computer's creative capabilities, are in fact jobs which would exist regardless 964 01:38:24,179 --> 01:38:30,530 of financial reward and in fact produce better results without the incentive. 965 01:38:30,530 --> 01:38:37,530 Media Earlier we looked at the possibility of certain 966 01:38:38,969 --> 01:38:43,380 media companies becoming exclusive to app form, but what would the future of media look 967 01:38:43,380 --> 01:38:49,560 like if a website such as Youtube, decided to adopt the same feature of paid-subscription 968 01:38:49,560 --> 01:38:56,560 viewing? Incorporating say, an embedded planner interface? Well for one, YouTube would have 969 01:38:57,010 --> 01:39:02,330 an immediate advantage as their planer could be customizable, and rather than having pay 970 01:39:02,330 --> 01:39:07,929 for an entire package of channels, users would have the option of paying for individual programing. 971 01:39:07,929 --> 01:39:12,010 The programs themselves would no longer be constrained by the time slot limitations of 972 01:39:12,010 --> 01:39:19,010 a typical TV network, for each program could have its own channel. But this is all merely 973 01:39:19,010 --> 01:39:25,810 speculation right? Well no, turns out YouTube are currently preparing to switch on live 974 01:39:25,810 --> 01:39:28,969 stream subscription viewing. 975 01:39:28,969 --> 01:39:34,489 Film The most profitable sector in the entertainment 976 01:39:34,489 --> 01:39:40,610 business is the film industry. One of the reasons is due to just how expensive it is 977 01:39:40,610 --> 01:39:46,409 to actually make a film, accounting for the sheer amount of people involved in production. 978 01:39:46,409 --> 01:39:51,540 But many production elements are quickly becoming redundant by the ever improving capabilities 979 01:39:51,540 --> 01:39:58,540 of GCI. If filming outside; you only have a few of hours of light each day to maintain 980 01:40:03,469 --> 01:40:10,469 continuity. With CGI, backdrops and lighting can be controlled in a green lit studio. As 981 01:40:13,909 --> 01:40:20,909 far as on screen performance, movies tend to have dozens of actors each requiring multiple 982 01:40:21,020 --> 01:40:28,020 takes of a scene and character CGI has typically been reserved for cartoonish features. Well, 983 01:40:30,780 --> 01:40:36,969 as the technology advances CGI is getting ever closer to reflecting reality. 984 01:40:36,969 --> 01:40:43,969 Ok first thing smile, frown, look mean, eyebrows up, eyebrows down, move your mouth around 985 01:40:48,989 --> 01:40:55,989 like this, now go A, A, E, E, I, I, O, U, very good. 986 01:41:00,219 --> 01:41:07,119 With CGI an actor could perform every scene of a movie inside a green lit studio and since 987 01:41:07,119 --> 01:41:13,659 his image is rendered, you could have a single actor performing multiple rolls. perhaps every 988 01:41:13,659 --> 01:41:20,070 roll in the entire movie could be performed by just 4 or 5 actors and since their emotions 989 01:41:20,070 --> 01:41:25,090 would be captured and stored on the computers, in the future, rather than having to shoot 990 01:41:25,090 --> 01:41:31,440 a scene over and over until finally getting the desired emotional response, perhaps directors 991 01:41:31,440 --> 01:41:37,400 will have the option of choosing from a database of preprogramed actions. 992 01:41:37,400 --> 01:41:42,679 All of this implying mass reduction in the volume of people needed to make a film. Now, 993 01:41:42,679 --> 01:41:47,330 I'm sure many will see the lump of labour fallacy here, and point out that new jobs 994 01:41:47,330 --> 01:41:54,330 would emerge in the form building the CGI, however, video games are entirely CGI, and 995 01:41:54,560 --> 01:42:01,560 the development of a game currently cost between $500k--$5M compared that with the starting 996 01:42:02,489 --> 01:42:08,389 price of two hundred million dollars for a Hollywood movie. And then there's the open 997 01:42:08,389 --> 01:42:14,400 source community. Blender for one is an open source 3D modelling program. Since the blender 998 01:42:14,400 --> 01:42:19,889 project began, a community of volunteers have downloaded the source code and over time, 999 01:42:19,889 --> 01:42:25,570 made gradual improvements to the programs functionality. Today blender is capable of 1000 01:42:25,570 --> 01:42:29,520 producing this. Why don't you just admit that you're freaked 1001 01:42:29,520 --> 01:42:36,520 out by my robot hand? Ahggg c'mon 1002 01:42:41,500 --> 01:42:48,500 Human! This is pretty freaky 1003 01:42:59,460 --> 01:43:06,460 "Tears of Steel" 1004 01:43:10,239 --> 01:43:17,239 Professional, Scientific & Technical 1005 01:43:21,020 --> 01:43:25,489 This sector covers a vast range of jobs and I feel it would be far too time consuming 1006 01:43:25,489 --> 01:43:31,469 to address each in great detail. So let's run through these quickly. The workload typically 1007 01:43:31,469 --> 01:43:35,690 required with legal advice and representation, is now being diminished through the use of 1008 01:43:35,690 --> 01:43:41,699 e-discovery, which enables 1 lawyer to do the work of 500 1009 01:43:41,699 --> 01:43:45,830 Accounting services are being replaced with software such as KashFlow which can actually 1010 01:43:45,830 --> 01:43:52,830 track bank transactions, obviating the need for manual input accounting. 1011 01:43:53,969 --> 01:43:58,710 Translation and interpretation services are also replaceable with software such as Lingual 1012 01:43:58,710 --> 01:44:05,710 which uses apple's Siri technology to translate between 35 languages in real-time. 1013 01:44:18,050 --> 01:44:22,349 Architectural work may over time become less of a specialist subject. As computers grew 1014 01:44:22,349 --> 01:44:26,889 throughout the 90's necessity demanded the majority of us familiarize ourselves with 1015 01:44:26,889 --> 01:44:32,520 operating systems. I believe the advancements in 3D printing will demand that people become 1016 01:44:32,520 --> 01:44:38,469 failure with computer aided design. And as the software improves, much of the architectural 1017 01:44:38,469 --> 01:44:45,469 process could be constructed in a program similar to a Sims game. 1018 01:44:46,219 --> 01:44:53,219 Engineering, Computer system design, Photography and Scientific research all seem to fall under 1019 01:44:55,270 --> 01:45:02,270 the umbrella of creativity which as demonstrated earlier would exist regardless of paid employment. 1020 01:45:04,690 --> 01:45:09,150 Advertising services may be under threat if YouTube were to eliminate their competition 1021 01:45:09,150 --> 01:45:16,150 and also incorporate a paid viewing feature which disables advertising. 1022 01:45:16,420 --> 01:45:23,420 Consulting services I think can easily be replaced with advanced voice recognition software. 1023 01:45:27,690 --> 01:45:34,690 Administrative & Support Services 1024 01:45:47,679 --> 01:45:54,679 The core job of an administrator is to process, filter, organize and categorise personal data. 1025 01:45:55,080 --> 01:46:00,960 Facebook has recently shown the potential of account synchronization. Instead of having 1026 01:46:00,960 --> 01:46:06,550 to fill out a form every time we register to a new website, Now we have the single click 1027 01:46:06,550 --> 01:46:11,639 option of "register through Facebook", where all the user has to do I click this 1028 01:46:11,639 --> 01:46:18,010 button and the website dose the rest. Of course Facebook is a social network and likely contains 1029 01:46:18,010 --> 01:46:24,360 information not necessarily relevant to third party organizations. But if the government 1030 01:46:24,360 --> 01:46:29,719 were to further the train of thought here, we could instate a nationalised social HUB, 1031 01:46:29,719 --> 01:46:34,750 whereby those of us with say a national insurance number, could at least have the option of 1032 01:46:34,750 --> 01:46:39,710 having our relevant details authenticated and synced with our national insurance accounts, 1033 01:46:39,710 --> 01:46:45,110 and once the information has been submitted and synced, applying for government benefits, 1034 01:46:45,110 --> 01:46:50,199 bank loans, college placements or even making a dentist appointment, could all be achieved 1035 01:46:50,199 --> 01:46:56,500 much faster through the on-line hub, reducing our dependency on the processing requirements 1036 01:46:56,500 --> 01:47:02,380 of these time consuming middlemen, and having a regulated information HUB could also extend 1037 01:47:02,380 --> 01:47:07,429 to the elimination or at the very least a downgrading of the postal service, for all 1038 01:47:07,429 --> 01:47:14,429 forms of documentation could be securely transferred electronically to authenticated email addresses. 1039 01:47:23,400 --> 01:47:30,400 Financial & Insurance 1040 01:47:43,940 --> 01:47:49,219 The world of finances and insurance is obviously dependent upon the circulation of money. So 1041 01:47:49,219 --> 01:47:54,500 rather than address specific elements of this sector, it's perhaps easier to simply look 1042 01:47:54,500 --> 01:48:00,659 at the root cause of our pending financial collapse. Far from automated systems the fall 1043 01:48:00,659 --> 01:48:07,659 of the global financial economy, will result from simple causation principles in mathematics. 1044 01:48:08,219 --> 01:48:12,199 Almost every form of trade in the world is represented through currency. Currency is 1045 01:48:12,199 --> 01:48:19,199 a proclamation where a certain value is identified by a number. One pound will represent a value, 1046 01:48:20,090 --> 01:48:25,409 which can differ slightly between traders but generally holds an accepted range, and 1047 01:48:25,409 --> 01:48:31,210 this ranging value is not determined or decided by politicians or bankers, it's a value 1048 01:48:31,210 --> 01:48:38,030 derived from the market. When calculating the cost of housing, energy, transportation, 1049 01:48:38,030 --> 01:48:43,780 as well as goods and services, we are presented with a consumer price index and thus derive 1050 01:48:43,780 --> 01:48:50,110 the overall market value of the pound. The markets themselves are predicated on consumer 1051 01:48:50,110 --> 01:48:55,770 spending. So if all consumers continually spend the same amount, the markets prices 1052 01:48:55,770 --> 01:49:02,770 would stabilize and the economy could potentially function harmoniously, neither growing nor 1053 01:49:03,070 --> 01:49:07,900 contracting. But let's step back and look at where money actually comes from in the 1054 01:49:07,900 --> 01:49:14,900 first place. All money in circulation was created by and is the property of the central 1055 01:49:16,300 --> 01:49:23,060 bank, in our case the bank of England. This bank loans money to the commercial and investment 1056 01:49:23,060 --> 01:49:29,590 banks, which then issue loans themselves to rival banks, consumers and businesses, so 1057 01:49:29,590 --> 01:49:35,880 since we are all trading borrowed money, cyclical consumption is not only a necessity for ensuring 1058 01:49:35,880 --> 01:49:42,650 the integrity of the pound, it is also a requirement for the banks, thus the currency, to remain 1059 01:49:42,650 --> 01:49:49,650 operational. Only one problem with this, this borrowing from the banks process isn't quite 1060 01:49:50,060 --> 01:49:54,880 the same as a game of Monopoly where a friend might loan you some cash until you pass go! 1061 01:49:54,880 --> 01:50:00,239 All the money borrowed from both the central and commercial banks, has to be paid back 1062 01:50:00,239 --> 01:50:06,929 with interest, but since the interest is in fact NOT created alongside the initial loan, 1063 01:50:06,929 --> 01:50:12,670 the ability to pay back more money than exists in principle is a mathematical impossibility 1064 01:50:12,670 --> 01:50:19,670 if the goal was maintaining economic harmony. So instead we try to resolve the problem generated 1065 01:50:20,739 --> 01:50:26,449 with interest, through a process called quantitative easing, in which the banks may temporarily 1066 01:50:26,449 --> 01:50:31,310 lower interest rates and the government will often borrow even more money at interest, 1067 01:50:31,310 --> 01:50:36,329 in an effort to grow the economy. See rather than address the fundamental flaw 1068 01:50:36,329 --> 01:50:43,329 of this system, we instead perpetuate an infinite growth paradigm, which of course, is ultimately 1069 01:50:44,199 --> 01:50:50,949 unsustainable on a finite planet, and in looking at the numbers it doesn't seem this quantitative 1070 01:50:50,949 --> 01:50:57,340 easing has had much effect, here's the average monthly consumer costs in 2008, compared with 1071 01:50:57,340 --> 01:51:04,340 today, we have an overall price increase of 25% while wages during the same time only 1072 01:51:04,840 --> 01:51:11,840 rose by 6%. These results are simply because perpetual growth is unsustainable and Bankruptcy, 1073 01:51:13,469 --> 01:51:19,300 redundancy, foreclosure, administrations, liquidations, loan defaults and the raising 1074 01:51:19,300 --> 01:51:24,219 of a country's debt ceiling, are all built in consequential and we should expect nothing 1075 01:51:24,219 --> 01:51:31,219 ells of this system. 1076 01:51:39,460 --> 01:51:46,460 Other Having looked at each sector of employment, 1077 01:51:56,500 --> 01:52:02,239 it appears we are heading towards a fully automated economy, some might say this would 1078 01:52:02,239 --> 01:52:08,179 still require lots of human workers? Machines after all do have at least one constraint, 1079 01:52:08,179 --> 01:52:13,949 while they can work without a monetary incentive, the do require energy. 1080 01:52:13,949 --> 01:52:19,150 Our current methods of energy cultivation result in the depletion of natural oil and 1081 01:52:19,150 --> 01:52:25,000 the burning of CO2 emitting fossil fuels, but these methods are wasteful, cumbersome 1082 01:52:25,000 --> 01:52:30,349 and quite frankly out-dated. Solutions to the energy crisis are often cited in the form 1083 01:52:30,349 --> 01:52:36,260 of nuclear power, but after the disasters in Japan, perhaps we should be looking to 1084 01:52:36,260 --> 01:52:41,730 cleaner, safer solutions. Solar energy is gradually becoming more and 1085 01:52:41,730 --> 01:52:45,949 more accepted by the mainstream, even the government are incentivising home owners to 1086 01:52:45,949 --> 01:52:51,530 adopt solar panels with the Feed-In Tariffs scheme, where participants will be compensated 1087 01:52:51,530 --> 01:52:57,650 for any surplus energy generated. While an initial solar panel investment may deter some 1088 01:52:57,650 --> 01:53:02,929 of us, it's reassuring to know that the cost of solar is currently dropping at a rate 1089 01:53:02,929 --> 01:53:09,929 of 30% per year. But could we really sustain our energy needs on solar panels alone? Well 1090 01:53:10,440 --> 01:53:14,320 firstly, solar technology is not limited to buildings. 1091 01:53:14,320 --> 01:53:19,909 An American company called solar roadways are developing photovoltaic solar roads. With 1092 01:53:19,909 --> 01:53:24,989 current technology it is estimated that full integration of solar roads across the US, 1093 01:53:24,989 --> 01:53:30,000 would generate enough power to satisfy the current energy usage of the entire planet. 1094 01:53:30,000 --> 01:53:35,579 These roads also incorporate LED displays which could probably be programed to coincide 1095 01:53:35,579 --> 01:53:40,730 with autonomous vehicles ensuring even greater road safety. The roads in colder climates 1096 01:53:40,730 --> 01:53:45,679 would be installed with embedded heating elements, eliminating ice and snow hazards as well as 1097 01:53:45,679 --> 01:53:52,679 the required jobs of snow ploughs and gritters. Solar energy aside, how about wind? According 1098 01:53:55,070 --> 01:54:00,820 to the US department of energy, if wind turbines were fully harvested in just 3 of Americas 1099 01:54:00,820 --> 01:54:07,679 50 states, the energy cultivated would be enough to power the whole of the USA. But 1100 01:54:07,679 --> 01:54:13,150 wind farming is also not limited to the gigantic turbines which most of us are aware of. We 1101 01:54:13,150 --> 01:54:19,260 could be utilizing vertical axis wind turbines with magnetic bearings, which cause the wind 1102 01:54:19,260 --> 01:54:24,960 vain to levitate. Reducing the friction and cut-in wind speed usually hindered by gears. 1103 01:54:24,960 --> 01:54:29,150 You could literally blow on these things and create energy, 1104 01:54:29,150 --> 01:54:35,880 So what happens when we placed vertical axis turbines inside street lamps? Well, when a 1105 01:54:35,880 --> 01:54:40,980 vehicle drives past it creates a gust of wind and in turn powers the lights. 1106 01:54:40,980 --> 01:54:47,980 Then we have tidal power. According to Crown Estate, the UK has the potential to harness 1107 01:54:48,310 --> 01:54:55,310 up to 153 gigawatts, accounting for more than 20% of our current energy usage. They also 1108 01:54:55,500 --> 01:55:02,500 found a potential 27 gigawatts from wave energy. And then of course we have geothermal power. 1109 01:55:04,099 --> 01:55:09,389 So here's the earth, in countries like Canada and the United States seasons come and go. 1110 01:55:09,389 --> 01:55:13,090 In the summer months it can be quite warm and in the winter very cold, while the temperature 1111 01:55:13,090 --> 01:55:16,810 of the surface for the earth changes with the seasons, the temperature of the ground 1112 01:55:16,810 --> 01:55:21,290 below the surface does not. Even at just two meters or six feet under the ground it is 1113 01:55:21,290 --> 01:55:26,690 about fifteen degrees Celsius or sixty degrees farenheight all year round. Geothermal takes 1114 01:55:26,690 --> 01:55:31,290 advantage of this consistent temperature and uses it to heat and cool homes. So how does 1115 01:55:31,290 --> 01:55:35,260 it work? First, a large hole is made into the ground and filled with a series of pipes 1116 01:55:35,260 --> 01:55:39,940 a special heat absorbing fluid constantly runs through the pipes. In the winter, heat 1117 01:55:39,940 --> 01:55:43,739 from the ground is absorbed into the pipes and pushed upwards where it can be circulated 1118 01:55:43,739 --> 01:55:48,599 throughout the house. In the summer the process is reversed, heat from the house is absorbed 1119 01:55:48,599 --> 01:55:52,510 into the pipes and pushed downwards where it can be stores within the cooler earth. 1120 01:55:52,510 --> 01:55:57,719 So what are the benefits of geothermal heating? Well for one you can save a lot of money geothermal 1121 01:55:57,719 --> 01:56:02,010 uses way less energy to operate and this means a heating bill that is up to eighty percent 1122 01:56:02,010 --> 01:56:06,719 lower than that of a traditional heating system, secondly geothermal doesn't run on fossil 1123 01:56:06,719 --> 01:56:11,699 fuels like oil or gas and therefore produces significantly less greenhouse gasses. So, 1124 01:56:11,699 --> 01:56:18,699 look into geothermal today for a cleaner and sustainable source of energy. 1125 01:56:21,369 --> 01:56:28,079 As well as heating homes, geothermal is being used to convert heat in to energy. And in 1126 01:56:28,079 --> 01:56:34,429 a 2006 MIT study, geothermal was found to have an energy potential of two thousand zenojules. 1127 01:56:34,429 --> 01:56:40,790 The total global energy consumption is currently around one half a zenejule per year, signifying 1128 01:56:40,790 --> 01:56:47,239 four thousand years of planetary power from geothermal alone. Meaning the powering of 1129 01:56:47,239 --> 01:56:53,670 an automated economy is simply a non-issue. But then there's the other argument regarding 1130 01:56:53,670 --> 01:57:00,670 machine maintenance. It is now a general assumption that all machines are in constant need repairs. 1131 01:57:00,820 --> 01:57:07,739 And well, this is true, at least with respects to market products. See within the market 1132 01:57:07,739 --> 01:57:13,639 there is planned obsolescence, in order to maintain cyclical consumption of goods, it 1133 01:57:13,639 --> 01:57:20,639 is crucial that products have a short lifespan. The biggest issue or potential flaw to me 1134 01:57:20,929 --> 01:57:27,929 over this invention is the fact, that it's not an invention or a product that actually 1135 01:57:27,969 --> 01:57:33,800 will be purchased more than once, you kind of almost want your product to break occasionally. 1136 01:57:33,800 --> 01:57:40,800 If we were to removed our dependency on cyclical consumption we could create products to last, 1137 01:57:42,010 --> 01:57:48,840 and the only threat to a machines lifespan, would be atmospheric erosion. This is why 1138 01:57:48,840 --> 01:57:55,159 in the future all machine parts will be treated with a super hydrophobic coating, which uses 1139 01:57:55,159 --> 01:58:02,159 nanotechnology to repel water and refined oils. 1140 01:58:38,770 --> 01:58:45,770 Problem 1141 01:59:19,099 --> 01:59:24,050 Even when we do recognize the implications of mass mechanisation, people tend to think 1142 01:59:24,050 --> 01:59:30,659 "not my job, not the job I happen to have spent four years studying for, the business 1143 01:59:30,659 --> 01:59:36,770 my family left me, the product I invested my life savings in, that job will be around 1144 01:59:36,770 --> 01:59:43,770 forever". I'm sorry to tell you that is merely wishful thinking, and yes your job 1145 01:59:44,070 --> 01:59:51,070 is vulnerable; even if not directly threatened by atomisation; we are all affected by the 1146 01:59:53,380 --> 01:59:53,630 mechanisms of causation. 1147 01:59:53,380 --> 01:59:59,639 When a store fails the products on those shelves thus manufacturing is affected, just as when 1148 01:59:59,639 --> 02:00:06,639 a product becomes obsolete, the stores in turn suffer. Also, when 50% of household products 1149 02:00:07,270 --> 02:00:12,810 are either redundant or freely downloadable, what do you think will happen to the world 1150 02:00:12,810 --> 02:00:18,079 of advertising? Autonomous cars eliminate the need for a driving licences thus the need 1151 02:00:18,079 --> 02:00:24,329 for driving schools and instructors, and since accidents are near impossible, there will 1152 02:00:24,329 --> 02:00:30,449 be a reduction in time with car insurance companies, repair shops and of course, taxable 1153 02:00:30,449 --> 02:00:37,449 offenses relating to speeding fines and the like. And as the overall state of the economy 1154 02:00:37,500 --> 02:00:43,380 weakens, commercial banks, real estate and government funded institutions such as education 1155 02:00:43,380 --> 02:00:45,949 and healthcare all be affected. 1156 02:00:45,949 --> 02:00:52,949 If by now you are asking "what's the real solution to the unemployment problem?" Well 1157 02:00:54,270 --> 02:01:00,780 my question is what's the problem? The loss of a job is historically synonymous with degradation 1158 02:01:00,780 --> 02:01:06,690 and poverty. Yet we are looking at a future in which organic food and clean energy are 1159 02:01:06,690 --> 02:01:12,440 cultivated with levels of abundance never before seen. Homes can be constructed within 1160 02:01:12,440 --> 02:01:19,440 a day without any human involvement. All tools, aesthetic objects and even medicine are designed, 1161 02:01:20,000 --> 02:01:26,320 downloaded, customized and printed on demand, either made from in your in the home or delivered 1162 02:01:26,320 --> 02:01:32,790 via autonomous vehicles, which have improved road safety and reduced travel time. Then 1163 02:01:32,790 --> 02:01:38,239 of course there's better healthcare, free education, less waste and this is all to say 1164 02:01:38,239 --> 02:01:45,239 nothing of the explosion in entertainment. The real solution would have nothing to do 1165 02:01:45,940 --> 02:01:51,860 with capitalism, socialism, communism, the free enterprise system or any other sub related 1166 02:01:51,860 --> 02:01:58,860 group. For these are market economies. And as the financial market dies, we need to transition 1167 02:01:59,460 --> 02:02:05,920 into a new sustainable economy, one which is designed around ensuring our survival, 1168 02:02:05,920 --> 02:02:12,000 meaning we must all have equal access to life supporting needs without the ridiculous number 1169 02:02:12,000 --> 02:02:18,610 game or any monetary exchange. We have the technology and the understanding 1170 02:02:18,610 --> 02:02:25,610 today of how to scientifically orient our resource distribution. But of course transitions 1171 02:02:26,630 --> 02:02:33,630 are never easy. There is nothing preventing a period of mass poverty and starvation. In 1172 02:02:34,679 --> 02:02:40,500 fact there is nothing preventing us from holding on to this out-dated, competition based, infinite 1173 02:02:40,500 --> 02:02:44,010 growth market economy, until we have nothing left. 1174 02:02:44,010 --> 02:02:50,280 By raising awareness of our technological potential and having the population understand 1175 02:02:50,280 --> 02:02:56,849 the imminent need to transition, we can alleviate the fear usually generated through ignorance 1176 02:02:56,849 --> 02:03:03,349 and allow the change to happen with little opposition. Luckily for us, I don't have 1177 02:03:03,349 --> 02:03:10,349 to sit here and propose setting up a mass awareness raising campaign, it already exists. 1178 02:03:10,989 --> 02:03:16,060 With over half a million members and hundreds of chapter's world-wide the zeitgeist movement 1179 02:03:16,060 --> 02:03:21,420 is the largest grassroots movement in history, and has set out to raise awareness as to our 1180 02:03:21,420 --> 02:03:27,179 true potential on this planet while at the same time advocating a transition in to a 1181 02:03:27,179 --> 02:03:29,790 new sustainable global paradigm.