Many of the jobs created will be due to expensive services becoming more affordable and widely used (architecture, medicine), similar as it happened when printing was replaced by DTP. But overall, reducing the need for labor is not a bug, but a feature of automation.
-
-
There is also the angle of increasing under employment. Any company offering AI product will have to charge high so that the employees can make ends meet. There will always be someone who will be willing to do the same job for lesser pay.
1 reply 0 retweets 0 likes -
Replying to @muralipiyer @mtrc
Creation of scalable products (like B2C software) has a different economy. To succeed, you need to have the best product, not the cheapest employee. Google makes $1.2M revenue per employee. If it had worse employees, it would make less.
1 reply 0 retweets 1 like -
Google is an ad company diversifying to other domains. My contention is: economics will always come in the way. There will always be someone willing to sell labour cheaper. Advent of tractors hasn't farm labour, for example. Some economies may adopt new stuff, but many won't.
2 replies 0 retweets 0 likes -
Replying to @muralipiyer @mtrc
Google is selling a share of your attention to advertisers, but that is what newspapers, TV and many others do, too. The success of Google is based on what it offers you in return.
1 reply 0 retweets 0 likes -
The question wasn't what google gives, but can google come up with an AI that kills the livelihoods of advertising board on road sides. Frankly speaking, they can't grab the attention of those who are living away from technology.
1 reply 0 retweets 0 likes -
Replying to @muralipiyer @mtrc
I am afraid that I don't understand your point. Almost all of the internet economy piggybacks on retail, either by advertising products or by providing sales channels. And who are those mysterious people looking profitably at roadside billboards while living away from technology?
1 reply 0 retweets 0 likes -
Digital divide. A billion people don't own a phone.
1 reply 0 retweets 0 likes -
Replying to @muralipiyer @mtrc
Even most of those now have access to one. The divide is not widening.
1 reply 0 retweets 1 like -
Let's hope so
1 reply 0 retweets 0 likes
There is no hope, but I think you despair for the wrong reasons.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.