"In the short term, this could mean research into the economic effects of AI to stop smart systems putting millions of people out of work." This seems unfortunate and somewhat challenging to do. Our current economic model encourages improving efficiency of systems. This seems like a good thing. Its really too bad that people "need" jobs. Jobs should be creating value or they shouldn't exist. Artificially "creating" j…
We are now entering a new age where our current form of capitalism will not work. You see, when there was enough demand on the workforce (as in, there was as much or more work to do than there were workers), things worked reasonably well. Now we are entering an era where there is much less demand for workers, yet we are not yet productive enough to just sit back, relax, and let machines handle 99.9%+ of the work. Thi…
The problem is getting people to pay for the "wants" part. I'm worried that the internet has accustomed people to treating creative content as a free resource by nature of being on the internet. It's the most efficient distribution mechanism for a lot of creative works, but the economics of an ad-filled internet experience with the user as product is very disturbing on a grand scale.
The whole dream of economic progress since the Enlightenment was that our needs would become increasingly solved so that we could focus on what we really enjoy as human beings. To quote John Adams:
> "I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain."
But we live in a world with an ever expanding supply of people and a rapidly diminishing set of "necessary" jobs. If we want to avoid the end game of that situation (revolution) we need to find ways to get the economics of the unnecessary-but-still-valuable to work.