The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future
What will the economy of the future look like? Where will advancing technology, job automation, outsourcing and globalization lead? This groundbreaking book by a Silicon Valley computer engineer explores these questions and shows how accelerating technology is likely to have a highly disruptive influence on our economy in the near future--and may well already be a significant factor in the current global crisis. THE LIGHTS IN THE TUNNEL employs a powerful thought experiment to explore the economy of the future. An imaginary "tunnel of lights" is used to visualize the economic implications of the new technologies that are likely to appear in the coming years and decades. The book directly challenges conventional views of the future and illuminates the danger that lies ahead if we do not plan for the impact of rapidly advancing technology. It also shows how the economic realities of the future might offer solutions to issues such as poverty and climate change.
Clear, concise, and compelling
By Andrew Percey - October 13, 2010
Other reviewers have summarized the book in detail, so I won't. I'll just emphasize the bottom line:
Machines are fast approaching humans in terms of *mental* labor capacity, not just *physical* labor capacity. In the past as machines took over much of our physical labor, we were then free to turn to more valuable mental labor. But once machines take over much of our mental labor, then what do we turn to for employment?
The author makes a very compelling case that this situation will arise, and likely within the next few decades. And he also lays out some rather bold suggestions to delay the shock of the resulting high unemployment and allow us to transition to an inevitably new type of economy as smoothly as possible. Though, even with these suggestions, I expect this transition is not likely to be smooth.
This book is a very important, frank discussion of a pending time-bomb for our precious mass market economy. Read it and recommend it to... read more
A serious and growing problem with few easy solutions
By John K. Hawley - September 14, 2011
Martin Ford's book, The Lights in the Tunnel, is one of the latest in a progression of books addressing the economic and social problems partially attributable to rapidly advancing technology. I think his problem analysis is spot on. However, I think his proposed solutions are impractical and probably unworkable. The allocation (or misallocation) of wealth created by the prevailing economic system is an historical problem, one that is being exacerbated by the growing skill-bias of technology. But I can't imagine that any non-market-based wealth allocation scheme developed and administered by government would end up being other than a welfare program or a mechanism for rewarding political "favorites." Politics and cronyism would replace merit and effort. Government can't escape the specter of politics. Like it or not, the market imposes a reality and discipline that is simply not present in most government decision making. All of the above said, the economic and resultant social... read more
Someday never comes...until it does.
By Gregory A. Bonadies - August 16, 2011
Someday, we will need to understand and deal with the fact that human labor will become increasing superfluous in the functioning of the global economy. The Creedance Clearwater Revival song "Someday Never Comes" counters the notion that understanding or grasping reality somehow can be deferred rather than by confronting the signs and signals of that inevitable future evident in the present. The seeds and roots of a radically different form of economy have been germinating and growing in humanity's inexorable drive to leverage and exploit increasingly advanced technology.
Martin Ford's primary thesis in his brave and thought-provoking work "The Lights in the Tunnel" confronts us with the prospect of the disruptive impact of rapidly advancing technology which will eventually obviate the market-based economic system. In a market economy, the product market/factor market cycle flows goods and services from firms to workers' households in exchange for workers' labor at those... read more