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'Tech Companies Should Stop Pretending AI Won't Destroy Jobs' (technologyreview.com)
Kai-Fu Lee, the founder and CEO of Sinovation Ventures and president of the Sinovation Ventures Artificial Intelligence Institute, believes that we're not ready for the massive societal upheavals on the way. He writes for MIT Technology Review: The rise of China as an AI superpower isn't a big deal just for China. The competition between the US and China has sparked intense advances in AI that will be impossible to stop anywhere. The change will be massive, and not all of it good. Inequality will widen. As my Uber driver in Cambridge has already intuited, AI will displace a large number of jobs, which will cause social discontent. Consider the progress of Google DeepMind's AlphaGo software, which beat the best human players of the board game Go in early 2016. It was subsequently bested by AlphaGo Zero, introduced in 2017, which learned by playing games against itself and within 40 days was superior to all the earlier versions. Now imagine those improvements transferring to areas like customer service, telemarketing, assembly lines, reception desks, truck driving, and other routine blue-collar and white-collar work.
It will soon be obvious that half of our job tasks can be done better at almost no cost by AI and robots. This will be the fastest transition humankind has experienced, and we're not ready for it. Not everyone agrees with my view. Some people argue that it will take longer than we think before jobs disappear, since many jobs will be only partially replaced, and companies will try to redeploy those displaced internally. But even if true, that won't stop the inevitable. Others remind us that every technology revolution has created new jobs as it displaced old ones. But it's dangerous to assume this will be the case again.
It will soon be obvious that half of our job tasks can be done better at almost no cost by AI and robots. This will be the fastest transition humankind has experienced, and we're not ready for it. Not everyone agrees with my view. Some people argue that it will take longer than we think before jobs disappear, since many jobs will be only partially replaced, and companies will try to redeploy those displaced internally. But even if true, that won't stop the inevitable. Others remind us that every technology revolution has created new jobs as it displaced old ones. But it's dangerous to assume this will be the case again.
Sure, disruptive technologies will cost jobs. It always does. The machine loom meant a lot of weavers were out of work. Electric saws and drills meant that carpentry became a niche market. Automobiles made horse breeding rare. It happens.
As before, we will adjust, and the average person will have a better life, even if many will lose their jobs and have worse lives during the transition period. We'll establish a new status quo.
Just embrace it, because it is unstoppable. Throwing clogs in the wheels won't prevent it from happening. Instead ask how you can make money in the new improved world, taking advantage of the new technologies. Some will need to write or service the AIs, and some will need to handle the increased inputs and outputs, whether it's designing distribution systems and logistics, or providing secondary services.