Slashdot Mirror
Economists Say Newest AI Technology Destroys More Jobs Than It Creates
HughPickens.com writes: Claire Cain Miller notes at the NY Times that economists long argued that, just as buggy-makers gave way to car factories, technology used to create as many jobs as it destroyed. But now there is deep uncertainty about whether the pattern will continue, as two trends are interacting. First, artificial intelligence has become vastly more sophisticated in a short time, with machines now able to learn, not just follow programmed instructions, and to respond to human language and movement. At the same time, the American work force has gained skills at a slower rate than in the past — and at a slower rate than in many other countries. Self-driving vehicles are an example of the crosscurrents. Autonomous cars could put truck and taxi drivers out of work — or they could enable drivers to be more productive during the time they used to spend driving, which could earn them more money. But for the happier outcome to happen, the drivers would need the skills to do new types of jobs.
When the University of Chicago asked a panel of leading economists about automation, 76 percent agreed that it had not historically decreased employment. But when asked about the more recent past, they were less sanguine. About 33 percent said technology was a central reason that median wages had been stagnant over the past decade, 20 percent said it was not and 29 percent were unsure. Perhaps the most worrisome development is how poorly the job market is already functioning for many workers. More than 16 percent of men between the ages of 25 and 54 are not working, up from 5 percent in the late 1960s; 30 percent of women in this age group are not working, up from 25 percent in the late 1990s. For those who are working, wage growth has been weak, while corporate profits have surged. "We're going to enter a world in which there's more wealth and less need to work," says Erik Brynjolfsson. "That should be good news. But if we just put it on autopilot, there's no guarantee this will work out."
When the University of Chicago asked a panel of leading economists about automation, 76 percent agreed that it had not historically decreased employment. But when asked about the more recent past, they were less sanguine. About 33 percent said technology was a central reason that median wages had been stagnant over the past decade, 20 percent said it was not and 29 percent were unsure. Perhaps the most worrisome development is how poorly the job market is already functioning for many workers. More than 16 percent of men between the ages of 25 and 54 are not working, up from 5 percent in the late 1960s; 30 percent of women in this age group are not working, up from 25 percent in the late 1990s. For those who are working, wage growth has been weak, while corporate profits have surged. "We're going to enter a world in which there's more wealth and less need to work," says Erik Brynjolfsson. "That should be good news. But if we just put it on autopilot, there's no guarantee this will work out."
If the job still gets done it's a good thing that jobs gets replaced by AI.
The flaw isn't in who does the work, but how the economic system around it is set up.
That's what jobs used to be, work, stuff that you don't want to do, hence getting paid to do that stuff. Modern technology is invented by people who think: "That looks boring, dangerous and/or unhealthy. Let's find a way to get rid of that work." Destroying "jobs" is the very purpose of technology. If people find work that was previously unnecessary, then that's essentially a negative side effect (although usually combined with the positive side effect of a higher standard of living through higher total productivity). But still, "creating jobs" has never been the purpose of technology.
Its not about the Jobs, I would be glad without a Job - I just need the money. Why? Because I have to pay someone to do things I cant/wont.
But if its robots all the way down, who should I pay? The man who owns the robot? Well I would but I have no job. So we can all agree that we have all things for free since robots made them and the robots get all the stuff to make robots and so on (robots all the way down) or we have to create bullshit jobs no one needs to distribute the money, till someone finds out that we don't have to if we just give things away for free because there is no one who needs to work anyhow.
The only reason the robot exists, is because the man who owns it paid someone to build it for him, or if he built it himself, paid someone for the components. He would only do this if he expects a return on his investment. I assume, that for him, a robot would be cheaper than paying for a human to do the work. So, he would be able to make more profit. > So we can all agree that we have all things for free since robots made them No, the man who owns the bot wont let that happen. >or we have to create bullshit jobs no one needs to distribute the money No one is going to pay anyone for doing a bullshit jobs. The only way out of this problem, is if everyone gets paid a Basic Income by the government. Money for nothing. Its inevitable this will have to happen.
Now this might come as a surprise to some of the technokids out there - but some of us actually *like* driving and don't want a computer doing it for us.
Well... The public roads aren't for joy riding. It's infrastructure for transportation. One might very well argue that you do not have the right to subject other people to unnecessary risk, just because you want to have fun.
Luckily the US has plenty of desert and car-crazy people, so if public roads were closed to human drivers, I'm sure there'll be lots of race tracks and open areas were human drivers are still allowed, etc...
Why should public roads be a government subsidized joy ride arena?
This isn't an overpopulation problem. It's a "we still expect people to pay for food and shelter even though we don't need anyone to do any work" problem. AI is going to force us to grow out of capitalism.
It's not clear that Apple could survive in isolation. A lot of their components are only as cheap as they are because of other lower-margin companies paying a big chunk of the R&D costs. When Apple was using PowerPC processors and were the only customer for IBM or Motorola for a particular chip, they found it very difficult to compete. They're designing their own ARM cores now, but they're benefitting enormously from the thriving ARM software ecosystem.
I am TheRaven on Soylent News
Now, I'm no optimist on the imminent-coming-of-strong-AI; but this I do know: The University of Chicago does not specialize in producing lefty-pinko-economists. They have departments with a much stronger liberal bent; but econ sure as hell isn't one of them. It's pretty much the altar of Milton Friedman, the school that made the 'Chicago boys' of Latin American, um, repute. If the UofC says that robots are screwing the proletariat, I'm going to err on the side of caution and suspect that the proletariat is screwed...
My Uncle has a country place that no one knows about / he says it used to be a farm, before the motor law.......
Silence is a state of mime.
"you don't want to destroy the redundant people, they're what really makes your economy."
Please, apply a bit more of imagination.
*Current* economy, not much more than a century old (since Henry Ford, to put an obvious time tag) is based on a middle class buying production.
But for basically all history, wealth distribution has managed to work on a basis of a very short affluent/powerful class with a majority of peasants/slaves/outclassed. Maybe the 20th century has just been an exception along history and we are just returning to the standard trend.
A few years back there was a great deal of interest in computers doing visual processing and recognition, and I was doing a little work in this area. The interest is still there, but news about it seems to have retreated from the front page. The security industry was especially interested in facial recognition. Alongside that interest were the usual peddlers of hype and hysteria. It was difficult to sort through all the noise. When I looked into research papers, I found that the details told of all kinds of limitations. Yes, they could match faces with 90% accuracy. If the lighting was good. And was the same level in the two photographs. And the subjects were all facing the camera at the exact same angle. And the subjects hadn't grown or removed any facial hair or glasses, or even changed hair styles. And they didn't have different expressions. And the database didn't have more than a few hundred subjects. But never mind, soon we would have video cameras on every street corner, matching every passing face to enforcers' databases of millions of criminals.
Despite the noise, which might lead a cynic to think that it's all hype, facial recognition has improved over the years. It will be the same in robotics. We won't see Robot Basketball Player replace Kobe Bryant anytime soon, no Harlem Globetrotters on Gilligan's Island. But we will see more and better robotics. John Henry scored a pyrrhic victory against a steam hammer. Fighting like that to keep jobs from being taken over by robots is just as useless and futile.
We may yet see that promise of more leisure time come true at last, thanks to robotics. So far, all our labor saving advances somehow have failed to free up much leisure time. Instead, we've put that time towards doing more work. Our parents worked hard so that we can have a better life, meaning, less hardhsip and more leisure time. But it seems more leisure time doesn't automatically make for a more satisfying, better life. Asimov's combination of his Foundation and Robots books had this idea of robots doing so much for us that we became slack and unable to do much for ourselves, and at the same time very unhappy that the struggle had been removed from life to such an extent that it felt empty and meaningless, so that finally we had to abandon the robots. I don;t think that will happen either.
Intellectual Property is a monopolistic, selfish, and defective concept. It is "tyranny over the mind of man"