The New Industrial Revolution: An End to Unemployment

Up until now we are used to the mass production of product lines. With the help of machines, we have specialized labor and can produce the same product again and again millions of times over. This may have saved plenty of time and hands- on physical work yet it also caused an exponential loss of these workers jobs.

Today, with the development of 3D printing farms, smart factories, and autonomous co-bots, concepts can now be turned into reality overnight. The world is about to witness three major production pattern shifts:

Mass customization: As the cost of 3D printing gets cheaper and cheaper, companies will no longer need to produce millions of the same product to achieve maximum profit. Designs customized by individual customers will soon be just as cost-effective as mass production.

Democratized Invention: With the development of widely accessible CAD- like design software and easily understood interfaces, millions of new inventors are to soon gain access to the world of effective inventing.

Smart and autonomous factories: new sensors, machine learning tools, and inspection drones in the markets allow manufacturing equipment to correct errors instantaneously, but also conform to changing demands in real time, further augmenting cost efficiencies.

In sum, although machines are set to work into many more jobs in future, this actually is going to allow everyone a shot at realizing their own inventions. With correct growth in education, there will be a boost of self- employed, creative minds building much-needed products: on-demand personalized commodities built at record speed may eventually feed an economic boom of unprecedented proportions.