The capitalist paradigm in which companies think only about themselves, seeking to increase productivity and reduce costs, is going to work decreasingly well. Replacing well-paid workers with robots means replacing customers with a lot of money with customers with little money. People who are not paid much do not buy much. Robots buy even less.
If you are prognosticating in about 1970, and someone asks, “what will happen now that women want to join the workforce, but office automation is going to destroy all their jobs?” It would be a pretty gloomy forecast.
What actually happened: Female labor force increased from 20 million to 75 million. The female participation rate increased from below 35% to 60%. Women’s wages relative to men rose — they moved in to higher productivity activities than typing the same memo over a hundred times. Businesses expanded. And no, 55 million men are not out on the streets begging for spare change.
Amazon aquires WholeFeeds, 91,000 employees and this is their press release, lets read it together and do its forensics… “Amazon has no plans to use the technology it developed for Amazon Go to automate the jobs of cashiers at Whole Foods. No job reductions are planned as a result of the deal.” – Amazon Spokesperson
What do Artificial Intelligence and Machine Learning experts think is the hardest and most quintessentially human of the tasks to be taken into the Borg, the one robots will have the most trouble doing because of its Olympian intellectual requirements?
Experts predict AI will outperform humans in many activities in the next ten years, such as translating languages (by 2024), writing high-school essays (by 2026), driving a truck (by 2027), working in retail (by 2031), writing a bestselling book (by 2049), and working as a surgeon (by 2053). Researchers believe there is a 50% chance of AI outperforming humans in all tasks in 45 years and of automating all human jobs in 120 years.
Given a choice between a lower-cost automated service and a higher-cost human-labor service, the bottom 95% will have to choose the automated service.
What if my car is trying to kill me? And what if the artificial intelligence police robots are in on it?
You can’t keep bad politics, greed, ethics and corruption out of AI development if it’s already on the inside.
Universal Basic Income. Part 1: Finland’s experiment
Artificial Intelligence or not
Via Adam Tooze on Twitter. The picture quality is poor, but here it is below. The US in fact has fewer robots than Germany and Japan, and yet manufacturing employment has fallen by more.
Are Reagan-Thatcher countries the only ones with robots? My image, perhaps it is wrong, is that plenty of robots operate in Japan and Germany too, and both countries are roughly just as technologically advanced as the US. But Japan and Germany haven’t seen the same increase in inequality as t…
Peak Horse then Peak Human now
Charlie thinks his IQ is increasing (due to a wonder drug)