Peter1469
11-02-2016, 06:21 PM
Today’s AI does not justify basic income (https://www.technologyreview.com/s/602747/todays-artificial-intelligence-does-not-justify-basic-income/)
We have discussed the rise of robots and the loss of jobs. We have also talked about basic income. This article ties them both together.
I agree with the author is the sort term, and in the long term I am not sure that it will matter.
Not a day goes by when we do not hear about the threat of AI taking over the jobs of everyone from truck drivers (https://www.theguardian.com/technology/2016/jun/17/self-driving-trucks-impact-on-drivers-jobs-us) to accountants (https://www.icas.com/ca-today-news/how-accountancy-and-finance-are-using-artificial-intelligence) to radiologists (http://www.itnonline.com/content/blogs/greg-freiherr-industry-consultant/artificial-intelligence-may-hold-key-radiologys-future). An analysis coming out of McKinsey (http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/four-fundamentals-of-workplace-automation) suggested that “currently demonstrated technologies could automate 45 percent of the activities people are paid to perform.” There are even online tools (http://www.npr.org/sections/money/2015/05/21/408234543/will-your-job-be-done-by-a-machine) based on research from the University of Oxford to estimate the probability that various jobs will be automated.
This concern that progress in AI will make most human labor obsolete has led some to call for a (universal) basic income, in which all citizens periodically and unconditionally receive money from the state (see “Basic Income: A Sellout of the American Dream (https://www.technologyreview.com/s/601499/basic-income-a-sellout-of-the-american-dream/)”). Y Combinator (https://www.ycombinator.com/), a prominent startup incubator in Silicon Valley, will run a pilot study of basic income (https://blog.ycombinator.com/basic-income) in Oakland, California, and its president has stated that “at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this at a national scale.” A European Parliament draft report recently stated that in light of the possible effects on the labor market of robotics and AI, “a general basic income should be seriously considered,” and the organization “invites all Member States to do so.” And in June of this year, Switzerland even held a referendum on basic income (though 77 percent of voters voted against it).
Is a collapse of the demand for human labor really imminent? As an AI researcher, I think the answer is no, and I will explain why.
Read more at the link.
We have discussed the rise of robots and the loss of jobs. We have also talked about basic income. This article ties them both together.
I agree with the author is the sort term, and in the long term I am not sure that it will matter.
Not a day goes by when we do not hear about the threat of AI taking over the jobs of everyone from truck drivers (https://www.theguardian.com/technology/2016/jun/17/self-driving-trucks-impact-on-drivers-jobs-us) to accountants (https://www.icas.com/ca-today-news/how-accountancy-and-finance-are-using-artificial-intelligence) to radiologists (http://www.itnonline.com/content/blogs/greg-freiherr-industry-consultant/artificial-intelligence-may-hold-key-radiologys-future). An analysis coming out of McKinsey (http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/four-fundamentals-of-workplace-automation) suggested that “currently demonstrated technologies could automate 45 percent of the activities people are paid to perform.” There are even online tools (http://www.npr.org/sections/money/2015/05/21/408234543/will-your-job-be-done-by-a-machine) based on research from the University of Oxford to estimate the probability that various jobs will be automated.
This concern that progress in AI will make most human labor obsolete has led some to call for a (universal) basic income, in which all citizens periodically and unconditionally receive money from the state (see “Basic Income: A Sellout of the American Dream (https://www.technologyreview.com/s/601499/basic-income-a-sellout-of-the-american-dream/)”). Y Combinator (https://www.ycombinator.com/), a prominent startup incubator in Silicon Valley, will run a pilot study of basic income (https://blog.ycombinator.com/basic-income) in Oakland, California, and its president has stated that “at some point in the future, as technology continues to eliminate traditional jobs and massive new wealth gets created, we’re going to see some version of this at a national scale.” A European Parliament draft report recently stated that in light of the possible effects on the labor market of robotics and AI, “a general basic income should be seriously considered,” and the organization “invites all Member States to do so.” And in June of this year, Switzerland even held a referendum on basic income (though 77 percent of voters voted against it).
Is a collapse of the demand for human labor really imminent? As an AI researcher, I think the answer is no, and I will explain why.
Read more at the link.