AI and its impact on employment

New / Other VB1974
Nov 23, 2017 10 Comments

So I see this topic come up in other threads and thought it would be interesting to ask.

With Google’s DeepMind beating a grand master Go player, and even teaching its self to “walk”... it’s becoming apparent AI is crossing a boundary from just picking from a list of predetermined paths, to actual self learning and deduction similar to humans.

It’s been a topic voiced and even warned about by the likes of Elon Musk.

The question is this... as AI improves to make basic decisions humans can make, do you think it will gain wide spread adoption in business? Who will it offset? How will that affect unemployment, and lastly how will that impact a capitalistic society in general?

My opinion is that AI is going to be something that is going to force a major change to how our economy operates as this technology massively replaces the unskilled and even skilled labor force.

To be honest, I am not pro Socialism, but I have my doubts Capitalism in its true form is compatible with AI tech in the market. There may be too many people unemployed by the paradigm shift, and may force us to rethink things.

After all, AI is cheap, doesn’t complain, and doesn’t need health benefits.

And most experts think we are 10 years or less away from this sort of AI... one viable for commercial use.

So, what are your thoughts?

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TOP 10 Comments
  • Microsoft Cnekchtc
    We need to start a mind shift in education and stop the dumb narrative that college isn’t important and that “trade schools” are sufficient. An AA degree should be the new diploma minimum and we need to make community college free, like public school.
    Nov 24, 2017 0
  • Uber / Eng
    Banana🍌

    Uber Eng

    PRE
    Uber
    Banana🍌more
    In 100 years the only thing humans will be useful for is energy
    Nov 24, 2017 0
  • Whole Foods Sparticus
    Computer industry:21st century::auto industry:20th century

    IOW, what Banana posted. Governments will be creating bs jobs to keep people occupied...or instigating wars to help keep populations down (and munitions profits up)...maybe both? Probably water wars in next 50 years unless someone gets clever about that limited resource, but that's another discussion.
    Nov 24, 2017 6
    • Accenture / Other
      obamacare

      Accenture Other

      BIO
      Patient Protection and Affordable Care Act
      obamacaremore
      More likely engineered plagues with engineered cures selectively deployed to manage populations
      Nov 24, 2017
    • Whole Foods Sparticus
      Not quite. I'd say the auto industry during the 20th century is an example of how automation will eventually play out in the computer industry. First, creation of many well paid specialized jobs. Next, loss of those jobs as they become automated.

      https://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs-killer-is-not-china-its-automation.html
      Nov 25, 2017
    • Whole Foods Sparticus
      The NY TIMES article discusses job creation as well; however, the larger problem is displacement of existing workers as the jobs created require different skill sets. Also, we will need to see what happens over 20-30 years versus 5-10.
      Nov 25, 2017
    • Cisco / Eng Smsht
      Definitely the required skills will change and our generation should get used to constantly learn and change tracks/careers. Even today a friend with phd in biology from 2012 says some of her skills are already obsolete because instead of careful search for a particular gene it is now cheaper to sequence the whole DNA and then use data science techniques to retrieve the required data. However, when something becomes cheaper to produce it means more people can afford it now and therefore the whole servicing industry appears around it: cleaning, fixing, rentals, roads building and so on.
      Nov 25, 2017
  • Microsoft RPCv88
    Well We replaces the data analyst on our team with a very small powershell script and PowerBI so it is defiantly possible. Also I am trying to replace myself with an AI right now. I’ll turn it on during work hours, and automate most of my tasks so I can play Zelda.
    Nov 24, 2017 0