I dealt my whole business life with automation: first manual work then brain work. So, I'm biased and not the right person to predict the impact of the rise of the machines.
I better let Nouriel Roubini speak: Rise of the Machines: Downfall of the Economy?
Will industrialized and wired ages inevitable lead to the age of the independent AIs - digital and physical things united replacing not only human work, but humans?
I agree it's a big challenge.
In one of my next posts I will put some of my raw thoughts into a pan and cook them to: "the rise of silicon"...what if things will be "cognitized" as they were electrified?…must machines remain consciousness-free?…is there a good use of the AIs?...
I found the link at MarginalRevolution