Remember 2013, when Very Serious researchers and pundits warned us that AI & robotics would cut employment by a factor of 2 within 15 to 20 years? US unemployment has gone from 8% to 3.6% in the 6 years since.
Show this thread
The irony here is that 2013-2019 has seen an incredible boom in the deployment of AI in processes and products across most industries, and a not insignificant fraction of the drop in unemployment is linked to the economic windfall of AI
-
-
Which study are you referring to?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
What windfall?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
AI doesn't have to unemploy humans; in most industries it just disempowers them. That's how we get that low unemployment with no upward pressure on wages (which violates basic economic theory but economists can't yet grapple with this). My 2015 piece: https://www.nytimes.com/2015/04/19/opinion/sunday/the-machines-are-coming.html …pic.twitter.com/6UWVT5iVZs
-
If anything, it's exactly that question: how unemployment can be so low with so little worker power that leads to the true nature of what's going on. Of course, it's AI being deployed at this particular moment in history, so wrapped up with politics. But it always is.
- Show replies
New conversation -
-
-
Anyone making predictions for 15–20 years out is a grifter looking to pocket a nice salary for a decade or more while we may or (more likely) may not get closer to their claimed end state.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
People forget automation didn't start with AI, but rather AI is the next natural step of it. Automation has long existed and the present generation has been resistant to it. New generation get used to it and start worrying about new altogether about automation, cycle repeats.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Have you read any work of
@harari_yuval ? Wait for it!Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
How much is an "not insignificant fraction"?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
you should elaborate and use facts to backup your claim.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.