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Futurist Predicts AI Will Take Jobs, Benefiting the Rich But Not Workers (venturebeat.com)
Citing "significant" new corporate investments in AI technology, futurist Gary Grossman argues that AI "may be the fastest paradigm shift in the history of technology -- and warns there's a counter-argument to the theory that AI will create as many jobs as its displaces.
"The other view is that this time is different, that we are not just automating labor but also cognition and many fewer people will be needed by industry."
KPMG claims more than half of business executives plan to implement some form of AI within the next 12 months... The disruption is already beginning, with fully 75% of the organizations KPMG surveyed expecting intelligent automation to significantly impact 10 to 50% of their employees in the next two years. A Citigroup executive told Bloomberg that better AI could reduce headcount at the bank by 30%. In the face of all this change, many companies publicly state that AI will eliminate some dull and repetitive jobs and make it possible for people to do higher-order work. However, as a prominent venture capitalist relayed to me recently on this topic: "most displaced call center workers don't become Java programmers." It is not only low-skilled jobs that are at risk. Gartner analysts recently reported that AI will eliminate 80% of project management tasks....
A New York Times article noted that while many company executives pay public lip service to "human-centered AI" and the need to provide a safety net for those who lose their jobs, they privately talk about racing to automate their workforces "to stay ahead of the competition, with little regard for the impact on workers." The article also cites a Deloitte survey from 2017 that found 53% of companies had already started to use machines to perform tasks previously done by humans. The figure is expected to climb to 72% by next year.... The net of this dynamic is that workers are not a major factor in the economic calculus of the business drive to adopt AI, despite so many public statements to the contrary.
So perhaps it's not a surprise when the Edelman 2019 AI survey shows a widely held view that AI will lead to short-term job losses with the potential for societal disruption and that AI will benefit the rich and hurt the poor.
He also shares a sobering quote from historian, philosopher, and bestselling author Yuval Noah Harari on why Silicon Valley supports Universal Basic Incomes.
"The message is: 'We don't need you. But we are nice, so we'll take care of you.'"
A New York Times article noted that while many company executives pay public lip service to "human-centered AI" and the need to provide a safety net for those who lose their jobs, they privately talk about racing to automate their workforces "to stay ahead of the competition, with little regard for the impact on workers." The article also cites a Deloitte survey from 2017 that found 53% of companies had already started to use machines to perform tasks previously done by humans. The figure is expected to climb to 72% by next year.... The net of this dynamic is that workers are not a major factor in the economic calculus of the business drive to adopt AI, despite so many public statements to the contrary.
So perhaps it's not a surprise when the Edelman 2019 AI survey shows a widely held view that AI will lead to short-term job losses with the potential for societal disruption and that AI will benefit the rich and hurt the poor.
He also shares a sobering quote from historian, philosopher, and bestselling author Yuval Noah Harari on why Silicon Valley supports Universal Basic Incomes.
"The message is: 'We don't need you. But we are nice, so we'll take care of you.'"
Wow. We are nice. There's a howler. The Big Lie, say something outrageous. Silicon Valley, the home of intolerance, is telling us deplorables that it's nice and will care for us? Show of hands, who believes this?
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
AI / Automation is a monetary deflationary force. With record stagflation as a result in both deflation, debt, and the need to counter with a monetary printing press (inflation), we are all on a path to ruin.
Axiomatic truism: What cannot go on forever, wont!!!
The socialists know this - which is why they're pushing for "Modern Monetary Theory". It's a bullshit scheme, and the smart ones know it. MMT is just a path for formalize a Communist regime spearheaded by a neo-feudalistic collective of power-brokers at the top of the heap. But a heap it will be!
The end-game is to cull a large swath of hungry mouths. Yes, depopulate the planet. What those numbnuts fail to realize is that their standard of living will be reduced to that of a Roman Empire if they're so lucky. And that's assuming radioactive ash hasn't rained down on the fields irradiating crops for hundreds or thousands of years.
Life is not for the lazy.
Even if the tolls pay for the entire construction and maintenance of the highway, which I doubt, and even if the developers are paying to maintain the roads long after they finished building in that area, which I doubt, then there is still fire stations, police stations, garbage pickup, water, sewage.
What's your point, again? You'll notice even very capitalist places cover these things - no one is arguing about them.
Are you on health insurance? You realize if you get seriously ill, others plan members will be picking up the tab for you right?
Ideally, voluntary risk pooling on terms that I found acceptable when choosing my plan. In practice, some crap my employer picks for me, because the government broke the free market for wages during WWII and we're still doing things that way 70 years later for some reason.
But that's all very distant from the medical personnel and technology that save your wife's life twice. How we share risk is mostly orthagonal to actually providing care, unless you reduce the money to be made from technical progress in the field, and thus make progress slow. Your wide was save by medical professionals and technology, not by socialism. Your bank account was maybe saved by socialism? I still don't get your point.
Socialism: a lie told by totalitarians and believed by fools.