Federico has written a much needed assessment of where jobs in the economy are already headed in the US and around the world. By now it should be clear that technology and automation will become the dominant means of production, and the transition will mean less and less people being employed. The question for us now is not how do we create more jobs, but more so how do we create a society in which less and less people need to work.
The first half of Federico's book describes well the issues of unemployment, exponential growth, information technology, and artificial intelligence. He clearly understands the problems and challenges of technological unemployment in a capitalist society. One of the most salient points he makes in his book is, "Today, most of the economy is a ghost economy a financial transactions, profit-maximization schemes and computer operations, with little regard to consequences… Today, a small group of the hundred and 47 mega transitional corporations form a giant bow tie structure, and economic super-entity that controls 40% of the entire world."
Technology and automation, using scientific research and planning, could ultimately alleviate worldwide poverty, lead to universal education, medical care, and an overall better way of life for us all. But technological unemployment means that people will not have the jobs they need in order to buy the goods and services that so-called free market, capitalist system relies upon.
In the second half of his book, Federico proposes ways to "survive the economic collapse", but his suggestions are primarily based on learning how to do more with less. He advocates for self-education, eating more healthy, learning to grow your own food, and conserving energy in your home. This is all good advice, but I think there needs to be more discussion about systemic and structural changes within the capitalist economic structure.
There is no point in people working jobs in which technology and automation can perform the same tasks more efficiently. Far too many of us perform jobs in which we carry out mundane tasks only so we can make a paycheck to pay bills. This is not the best use of human labor and intelligence. There are far more better things we can do with our time, creativity, and intelligence.
"Robots Will Steal Your Job" is an important contribution to a growing body of books (“Abundance”, "The End of Work”, "Lights in the Tunnel", and "Race against the Machine") on this topic.