Do you believe that high paying jobs will be increasing as a result of advancing robotics and AI?
Absolutely, 100% and while it is early to say on AI. Robotics started replacing jobs in the US about 60 years ago and since then wages have skyrocketed and unemployment, while it has been up and down, has generally went down.
When the cost of living in developed countries is increasing, and housing issues are in the news across NA and Europe?
But you can't just look at cost of living, you also need to look at standard of living. The cost of living for a standard similar to 50 or 100 years ago is not increasing, against inflation it is actually decreasing.
The biggest thing driving the housing shortage is that people do not live together in families any more. 50 years ago in Western Europe and 80 years ago in the US people typically lived with parents until they got married even if that was into their 30s or 40s, while today young unmarried people tend to live on their own. I am not saying that is wrong, but it is the single biggest factor drving both the housing shortage and the higher cost of living in North America and Western Europe.
In developing countries people still live with their parents well into adulthood and that is why those countries are not facing the same shortfalls.
If AI/Robotics is able to drive down costs, by decreasing wages and benefits due to having less humans needing to be employed, what jobs exactly are people going to be getting paid living wages to perform?
Expansion of the economy. In this example specifically - more printed D&D books means more truck drivers (who make more than artists), more sales for hobby shops, more digital cloud storage space both to store imagery and computing power to develop it, more high end computers ......
Flip burgers? Pick fruit?
Start a restaurant or a farm. Or maybe write AI algorythms.
If you want to pickburgers or flip fruit or be an artists then you are acceptting that you will not be paid very much. There is nothing wrong with that, but it is a choice.
To be honest it is the beiggest reason I don't earn a living rright now as a paid DM and writer of custom content. WhileI can do that, and woudl have a lot more fun doing it, it does not pay nearly as much as the consultation I do for the military.
Trades perhaps. Governments like to push down Education salaries so I dont know about that, and the way the curriculums are going now, I'd put my kid in Private school anyway.
My kids went to public school, both primary and college. My Daughter graduated a year ago with a degree in statistics, advanced quickly and is now making $114k, the other is in college getting a degree in Computer Science with a minor in Cyber security.
My daughter is an interesting case. She is in the top 1% of earners who have been out of college for a year, but she moved 1000 miles away and is living by herself with no local friends or family to do that. She is making over twice as much as she would be if she did something she would be happeir doing closer to home and I have only seen her 3 times in the last year. Did she make the right choice? She did not make the right choice for me, but it was her decision and she is making a lot of money because of it.
This isnt a Horse to Car type scenario in my view, and we are not in a place as a society, where those people that supported a Horse based travel system, could just go and work a farm and still go out and buy a house.
Average cost of a home in Vancouver BC (via quick Google, oh the irony): $1,203,000
100 years ago people did not just go buy houses at all. Only rich people did that. People living in urban areqs were either rich, lived with their parents or lived in a poorhouse.
There are planety of places with cheap housing available, including very high crime urban areas and rural areas. People just don't want to live ther.
'So just go live somewhere cheaper.' Certainly an option for now, but even less desirable places a home is going to be over $300K in Canada.
In 5 minutes on Zillow, I found this house in Canada for $125k. I am sure I could find one for half that if I really looked hard enough:
33 Pine Cres, Fort Smith NT, is a Single Family home that contains 1100 sq ft and was built in 1979.It contains 3 bedrooms and 1 bathroom.
www.zillow.com
In places like Camden NJ there are all kinds of homes for sale under $80k, many under $50k.
I've looked, and I have a home, because I'm trying to find a way for my son to get ahead without me keeling over and leaving him everything.
There are two ways to get ahead, both relatively easy and straightforward:
1. Sacrifice and do something that is in high demand, whether you want to or not and whether it is dangerous or not. This could potentially include risks to your life, and I amnot saying it is for everyone but opportunity is everywhere for people who want to seize it.
2. Live at home with your parents.
So how is AI going to rebuild the middle class or is it just going to accelerate its further erasure?
It will continue the ongoing trend of bringing the lower class up to the level where the middle class used to be.
The middle class itself will also improve and likely continue to get smaller.