AI will eliminate 6 percent of jobs in five years, says report
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Re: AI will eliminate 6 percent of jobs in five years, says report
#2For me, the $64,000 question is: To what extent will companies employ AI for increasing profit, vs., enhancing value? My expectation is that competitive pressures will erode the profit wins pretty quickly, and consumers will see better services for the same prices, or better, than they pay today.
How would that affect (human) employment?
Re: AI will eliminate 6 percent of jobs in five years, says report
#3But how many will it create?
Re: AI will eliminate 6 percent of jobs in five years, says report
#4For me, the $64,000 question is: To what extent will companies employ AI for increasing profit, vs., enhancing value? My expectation is that competitive pressures will erode the profit wins pretty quickly, and consumers will see better services for the same prices, or better, than they pay today. How would that affect (human) employment?
That assumes no one meets over drinks to ensure that beyond a certain point, profits can be maintained.
Re: AI will eliminate 6 percent of jobs in five years, says report
#5The above commenters are making it out like AI will balance the bad with the good. That's probably true in the long term, but in the short term the instability caused by AI will probably be akin to the instability caused by the first industrial revolution --- perhaps worse --- and that's a lot of instability. Even if it only lasts for 1-3 generations, that's enough to cause some major turmoil with consequences that last well into the next century. To give you an idea of what I'm talking about, all the predictions I've read about unemployment caused by AI go way beyond unemployment during the Great Depression.
Re: AI will eliminate 6 percent of jobs in five years, says report
#6The above commenters are making it out like AI will balance the bad with the good. That's probably true in the long term, but in the short term the instability caused by AI will probably be akin to the instability caused by the first industrial revolution --- perhaps worse --- and that's a lot of instability. Even if it only lasts for 1-3 generations, that's enough to cause some major turmoil with consequences that l…
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Re: AI will eliminate 6 percent of jobs in five years, says report
#7Hence Finland's experiment with a basic income.