Earlier quoted context omitted.
People tend to forget about one thing - in previous industrial revolutions jobs changed, but people were added and removed from the pool slowly and predictably. This time automatons not only take jobs from people, they are also in a sense added to the economy as additional workers. Think about it this way - previously if someone came up with a more efficient way to do a given job, out of 10 people 9 lost employment,…
I thoroughly expect anti-automation protectionism to emerge, akin to the H1B protectionist policy. https://www.engadget.com/2017/01/16/new-york-driver-groups-p...
At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
51–60 of 195 posts
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#52Does anyone really believe the latter?
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#53Earlier quoted context omitted.
Unemployment is only part of it. What about wages?
It's all speculation. Increases in productivity (GDP per hour worked) are typically accompanied by rising wages. So you're likely to see job losses in impacted industries accompanied by rising wages in aggregate. It's not obvious which direction inequality would head.
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#54There's a lot believers in technological unemployment here on HN and one thing I think that viewpoint misses is just how darn resilient humans are to changes in the economy. In the past 150 years, we've seen human manual labor replaced by mechanical labor. Think about that -- a lot of early California settlers walked here, and now you're commanding power roughly equivalent to 100 horses when you hop into your car. Ag…
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#55Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#56This is all you need to read from the article: > Advances in artificial intelligence will lead to job losses, but new forms of employment will take their place...History, though, has demonstrated that technological breakthroughs lead to new employment opportunities -- IBM CEO Ginni Rometty But, I think we are approaching (if we haven't already crossed this point) the time where new jobs created by technology advancem…
> My example here is Instagram, a company of a dozen staff or so when acquired, is the digital replacement of photo labs in every city. New technologies are not the job creator that they once were and I haven't read anything to contradict that statement or posit that new tech is going to drive jobs growth.
Photo labs (places where physical photos were developed and edited) were replaced by digital post processing. Some of which is done by the photographers themselves, some is done in specialty shops, some is even done overseas. We can imagine that demand for the output (finished commercial photographs for products, offices etc) has likely continued to increase as the number of products, offices etc. have increased globally.
While many physical labs have shut down, many digital post processing shops have started. And where they haven't started, the photogs themselves are either doing the work or hiring people to do the work for them.
The net effect of digital photography is likely more jobs overall (post processing, web design, etc.) and product delivered for a lower price, but people who used to work for physical labs are completely screwed unless they completely learned a new skill.
Then comes along Instagram! Well, all of the sudden, there is a new place to display high & low quality images and some new editing tools. I am sure that some professional editing is now just a simple filter, but most finished commercial photography projects are still highly post processed by paid professionals. So what about all those images? Well, Instagram has actually resulted in multiple new business models, including "Instagram models" etc.
My guess (no data) is that the number of people producing commercial digital images has increased, not decreased and that instagram probably helps create demand for finished images. At the same time, instragram has likely helped launched new businesses without us even realizing it (access to random food blogs etc.)
While this is all great, and increases global net jobs, it doesn't help the poor guy who owns a photo lab in Missouri. That guy/girl is completely screwed and when people talk about technology jobs, he will have his photo on CNN.com, taken by an unpaid photographer who post processes his images himself. He was/is not newsworthy, but CNN now creates clickbait. In other words, there was never going to be a professional paid to shoot that guy in the past, but now there is a new market for previously worthless content. He will be photographed and CNN will make like $3 on the post in ad revenue.
This can go on and on and on and on.
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#57This is all you need to read from the article: > Advances in artificial intelligence will lead to job losses, but new forms of employment will take their place...History, though, has demonstrated that technological breakthroughs lead to new employment opportunities -- IBM CEO Ginni Rometty But, I think we are approaching (if we haven't already crossed this point) the time where new jobs created by technology advancem…
Where will the 3M jobs that automated trucking will remove come from? I don't think it is all doom and gloom but it begs the question of what fuels the consumption. If employment is super low, then we need money from somewhere to continue to live, so is that universal basic income? Or will things be so automated that everything will effectively be free?
Very interesting time to be alive and wonder what might be yet to come.
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#58There's a lot believers in technological unemployment here on HN and one thing I think that viewpoint misses is just how darn resilient humans are to changes in the economy. In the past 150 years, we've seen human manual labor replaced by mechanical labor. Think about that -- a lot of early California settlers walked here, and now you're commanding power roughly equivalent to 100 horses when you hop into your car. Ag…
Yes, this time it is different. I like the comparison to horses. Steam engines and trains threatened to replace horses in the mid 1800s. A lot of things that were previously done by horses were replaced with trains and steam engines. Yet the horse population grew, and cities remained full of horses. There were countless transportation innovations in the 1800s, from canals to streetcars and omnibuses to bicycles. But…
I haven't seen any data, but my guess is that the average person's commute is roughly the same as it was 150 years ago. And if at some point we have self-driving cars or flying cars, we'll still spend roughly the same time commuting as we do today.
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#59Earlier quoted context omitted.
>I'm sure some of her subordinates could Where do you think CEOs get their information from?
From people trying to protect their own ass by not telling her that Watson doesn't work.
Re: At Davos, IBM Chief Predicts Artificial Intelligence Won’t Be a Job Killer
#60Earlier quoted context omitted.
I thoroughly expect anti-automation protectionism to emerge, akin to the H1B protectionist policy. https://www.engadget.com/2017/01/16/new-york-driver-groups-p...
it will be tried, but it's really impossible to implement. first reason - you can't force all countries to do the same. second - how do you define automation? will i need to pay taxes on scripts I use to automate some of my jobs? Will I need to pay automation tax on my roomba? or dishwasher? If the robot does not replace any worker, but makes job or current workers easier and faster will it be taxed?
There are ways in which H1B is imperfect, doesn't work, and isn't fair. There will be ways in which making automated cars for hire illegal will be imperfect, doesn't work, and isn't fair. But those attributes haven't driven the former into the dustbin yet. If anything it's about to get stronger under the current political climate, so there's no reason to think the later won't be successful, at the least as a delay tactic so that automation isn't as disruptive as hypothesized.
Also, as a country establishes a more isolationist attitude, it matters less what the rest of the world does, and the rhetoric right now is distinctly a more isolationist attitude.