Earlier quoted context omitted.
well robots arent just doing low skilled jobs here. They are on the verge of replacing many white collaar jobs
This is an important point. AI could replace many programmers for example. Or make better investment decisions. It has the potential to kill the entire notion of wealth as we currently know it , regardless of social standing. What then?
The AI Threat Isn’t Skynet – It’s the End of the Middle Class
211–220 of 268 posts
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#212Now I'll highlight a concern I do actually have about a fully robotized economy: weapons proliferation. The key pieces of information needed to build a serviceable anti-tank missile or a jug of nerve gas are already lying on the shelves of thousands of technical libraries. The details may be classified, but the broad outlines in the open literature are good enough for someone with patience and a technical background…
I know the NSA and IoT get a lot of criticism here. But this seems like a good usecase for the always connected, phone home systems, with an all seeing eye. :)
"killers are pre-empted by omniscient benevolent AI oversight"
As someone who used to work in a warehouse, ai which can detect anomalous orders seems incredibly plausible. Considering they have all been storing data for years, you have plenty of training data. Making something that notices when certain substances are shipped to someone who is not a normal customer seems trivial, if it doesnt exist. I mean the conservation of mass means that the explosive has to come from somewhere :)
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#213That threat has many thinkers entertaining the idea of a universal basic income, a guaranteed living wage paid by the government to anyone left out of the workforce. But McAfee believes this would only make the problem worse, because it would eliminate the incentive for entrepreneurship and other activity that could create new jobs as the old ones fade away. Others question the psychological effects of the idea. “A u…
Basic Income will never be politically possible in places where it's culturally expected that a living must be "earned". It's more likely we'll end up paying 50% of the population to dig holes and paying the other 50% to fill them in, than implementing a basic income.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#214Earlier quoted context omitted.
There are mental jobs being created at greater speed. Hard though it might be to believe, the desire to put things in tables and pivot them and respond to customers' sentiments in real time didn't really exist for the most part before technology made it necessary to hire people to perform those roles. And there's a whole cottage industry of people trying to find Big Data algorithm-enabled solutions to problems compan…
> There are mental jobs being created at greater speed But not of the type that most of the population could ever do, and most of HN, possibly you, seem to think it too because HN tends to support the idea that things like H1B are needed because of a shortage of tech labour. So, there are jobs created, but not the ones the local population can completely fulfill. Do you think that solves the unemployment problem? And…
"Disruption" creates and transforms jobs all over the place: sometimes it's the incredibly specialised jobs being augmented by technology that allows them to be replaced with a below-average graduate using a user-friendly GUI app and sometimes it's incredibly specialised jobs being created because the last generation of analysts that did simple calculations aren't as useful as people that can write algorithms to process bigger datasets than before. Net effect: the middle class mental jobs in "finance, insurance, data entry, law" are different rather than disappearing. One thing companies in these industries certainly don't do is conclude their competitive position is such that after automating part of their work there's no further advantages to be gleaned from throwing staff and technology at solving new problems in their domain.
I've no idea why you're bringing up Foxconn labourers (1.3 million people manufacturing things things for which demand didn't exist a generation ago!) and truck drivers (median age 49 and rising) in a discussion about the supposed hollowing out of the middle class?
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#215That threat has many thinkers entertaining the idea of a universal basic income, a guaranteed living wage paid by the government to anyone left out of the workforce. But McAfee believes this would only make the problem worse, because it would eliminate the incentive for entrepreneurship and other activity that could create new jobs as the old ones fade away. Others question the psychological effects of the idea. “A u…
The idea that giving someone just enough money to live will kill their motivation is insane. If that were true why do people still work 40+ hour weeks when they could be earning enough to live on just 15? Most UBI schemes are initially targeting around 1k per month which is nowhere near enough satisfy the vast majority of people.
US Citizens: Couldn't find a readily available reliable source, so I'll use residents instead. Should be close enough for this math though I'd imagine this would be more likely a citizen program rather than a resident program.
US Residents: ~325 million
Federal Tax Revenue 2016 - ~3.27 trillion
Federal Tax Revenue - ~272 billion / month
Federal Tax Revenue - ~$850 / resident / month
What if we didn't give it to minors?
US residents over 18 - ~247 million
Federal Tax Revenue - ~$1100 / resident-over-18 / month
That's if we spent it all on UBI, no debt service, no federal employees, no military, no infrastructure spending, no social security, no pensions (even for federal employees who earned them and are legally and morally entitled to them), etc.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#216Earlier quoted context omitted.
Both something that doesn't exist, and also something you've mischaracterized. Pensions are delayed payments for work already done.
Defined-benefit pension schemes are a problem because now, with the baby-boomers retiring, we're finding that we can't afford it. Many people can expect to live to 100 - that's 35 years of retirement after 45 years of employment when their employer probably only set-aside 10-15% of an employee's income for investment in the pension when it should have been 25-30% - so now the younger generations are paying for it - b…
Do we have an actual source for this yet? Anecdotally, I still see about 7 out of every 8 deaths in my social circles occurring before 90, with a notable number before 70.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#217Earlier quoted context omitted.
> What of people receiving Social Security, pensions, inherited wealth, royalties from patents and copyrights, rents collected on real estate...? Not exactly the definition of the creative class is it?
Before governments started heavily funding scientific research in the 20th century, most basic science was done as some wealthy person's hobby. Of course there were far more aristocrats who were interested in using their moneyed leisure to (e.g.) race horses than to experiment with electricity or identify new insect species, but some were driven by curiosity. (If you remember the Web in the 1990s, there was also a lo…
I find it somewhat interesting that in our push to use UBI to avoid the destruction of the middle class, we can't seem to get over the idea that most people would still spend some time being productive and some time being entertained. It's not a matter of "you either spend all your time on the couch, or you spend it all being creative." We know, as a fact, that creativity requires downtime.
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#218Earlier quoted context omitted.
Speaking of leverage, if UBI money can be used towards credit cards, we might expect to see even more people get hooked in perpetual credit card debt. Always just enough cash to swipe the plastic, never enough to wipe away the debt.
Yes, but no more than we do with social security and our existing system realistically. And the threat of repeated bankruptcies by UBI folks is likely enough of a threat to keep it from getting out of hand (and if it does, its the credit card companies that get burned by the bankruptcies).
(I haven't thought deeply enough about whether it should or shouldn't be garnishable. I lean towards the idea that it shouldn't, but then that makes it less valuable in certain ways.)
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#219Earlier quoted context omitted.
> but we'll almost certainly see a drop in the number of young people attending college, since there's no "need". More likely the opposite. Making $12K/year sucks. You can make $12K/year + 17K/year by flipping burgers, but that still sucks. Much better to go to college and then make $12K/year + 70K/year. And a UBI allows more people to do that because it reduces the risk of quitting a bad job to go to school.
The jobs for that would still be not there... So, why go to school?
> So, why go to school?
You would obviously go to school for the jobs that are still there.
And if there hypothetically aren't any then what difference would a UBI make to that?
Re: The AI Threat Isn’t Skynet – It’s the End of the Middle Class
#220Earlier quoted context omitted.
The anti-nationalist argument makes no sense given that we don't provide most existing forms of social assistance to non-citizens either, and anyway there is no inherent reason that a UBI couldn't be provided to non-citizen legal residents if people so desired it.
Existing forms of social assistance in Western countries often are available to non-citizens and are usually more strongly linked to past payments into the system and/or intention to work and contribute to the system when they can. For obvious practical reasons (a suggested stipend of $10k PPP is well above the median salary internationally) if one destroys the link with work contributions, then numbers must be manag…
Most social assistance programs in the US are not linked to past payments, the most notable exception being social security, which pays only retirees.
And limiting benefits to people who have previously paid has the effect you seem to dislike anyway -- new arrivals to the country can't collect benefits because they have no history of paying.
Moreover, redistributive programs can't work that way because their entire premise is to improve the situation of lower income people. If the money had to go to people in proportion to what they've paid then it would have no purpose or effect.
> For obvious practical reasons (a suggested stipend of $10k PPP is well above the median salary internationally) if one destroys the link with work contributions, then numbers must be managed by imposing more onerous restrictions on non-citizens' entitlement to move to a country and claim subsidies higher than they presently earn.
We already have this because the existing programs already work this way. If anyone from an impoverished country could immediately immigrate legally to the US and begin collecting food and housing assistance, an unsustainable number of people would, which is why they aren't allowed to. Even if they could find a job here in e.g. agriculture, because those jobs don't qualify for H1B.
> And however unjust it might already be, the existing systems that mandates employment for foreigners seeking residency generally aren't built on the concept that it's an affront to dignity to impose work requirements on citizens wanting handouts.
Then it's a good thing a UBI isn't built on that, since its purpose is to provide a safety net without creating the poverty trap that existing means-tested programs do by withdrawing benefits at rates approaching or sometimes even exceeding 100% of marginal income for low and middle income people.
> But the wider point is that the "nobody should be forced to suffer the indignity of having to work for their living" rhetoric behind UBI simply doesn't reflect any feasible near-term system that any person has actually proposed, and the "people should not have to work unless they were born elsewhere, in which case their continued labour to produce low cost goods for those who have chosen to become permanent UBI-dependents is fundamental to the system getting close to being affordable" reality is a bit less philosophically appealing.
The idea that one country should have to pay for social assistance for the whole world in order to have it internally is not a philosophy most people are going to mind disregarding.