I agree with you @dana-edwards and disagree with Kurzweil on this one.

Ray makes the mistake of believing that the skills required for the new jobs created over the next 5-10 years will be acquired by the average person. This simply is not the case. In the past, the timeline to move from one "economy" to another took decades. Now we are seeing things moving so fast that entire industries spring up and mature in under 10 years.

I believe in technological unemployment as something we are quickly encountering. People who doubt this seem to overlook the fact that there was already a "lost" generation of workers who couldnt find full time employment after the economic collapse a decade ago.

In addition, Ray doesnt address the issue that technology keeps wages down since those who are left with a job do not have the leverage they did decades ago. The last 20 years witnessed massive technological explosions in the US yet wages are basically flat. Anyone who is making too much money simply gets eliminated.