With the rise of the robots in the world, there are a lot of
chances that it will affect the economy of the world. Robots can perform plenty
of tasks and even at a faster speed than as compared to human beings. Some
thought-provoking questions arise. Will robots replace human beings? How human
beings would survive if robots will do everything. On the other hand, Robots
can land planes, write news articles, and emotional robots may be your very
best friend or your loyal pet.
chances that it will affect the economy of the world. Robots can perform plenty
of tasks and even at a faster speed than as compared to human beings. Some
thought-provoking questions arise. Will robots replace human beings? How human
beings would survive if robots will do everything. On the other hand, Robots
can land planes, write news articles, and emotional robots may be your very
best friend or your loyal pet.
Inventions
From the invention of the steam engine to the Internet,
technology has helped continue human progress. Technology and The Threat Of A
Jobless Future, suggests we are now at a tipping point where robotics, if not
handled right, may trigger major unemployment and economic collapse in the world.
technology has helped continue human progress. Technology and The Threat Of A
Jobless Future, suggests we are now at a tipping point where robotics, if not
handled right, may trigger major unemployment and economic collapse in the world.
Narrow Artificial Intelligence
Martin Ford explains how 3-D printing may transform the
construction industry. Why the Japanese like having robots in their houses and
offices and how robots may make it even harder to stop climate change.
construction industry. Why the Japanese like having robots in their houses and
offices and how robots may make it even harder to stop climate change.
An Oxford University survey suggested that 47 percent of the
world’s jobs will be taken by robots in the coming years. What’s involved in
all of this and which jobs are most at risk?
world’s jobs will be taken by robots in the coming years. What’s involved in
all of this and which jobs are most at risk?
This is a big problem that is not science fiction and is
happening already. It involves what we call narrow artificial intelligence,
which can do relatively general routine, predictable things.
happening already. It involves what we call narrow artificial intelligence,
which can do relatively general routine, predictable things.
Flipping burgers or Factory tasks
It could be flipping burgers or a lot of factory and
warehouse tasks or jobs like stocking shelves. One of the most dramatic impacts
is not going to call for actual robots. It’s going to involve its software.
Some of the people most intimidate are what we might call office drones, people
who sit in front of computers doing generally routine work, formulaic things. If
your job is to produce the same kinds of reports again and again so then the
software is getting smarter and better at doing that. We already have a bulk of
examples in this, even in journalism. There’s a smart software that can write
basic news stories or articles.
warehouse tasks or jobs like stocking shelves. One of the most dramatic impacts
is not going to call for actual robots. It’s going to involve its software.
Some of the people most intimidate are what we might call office drones, people
who sit in front of computers doing generally routine work, formulaic things. If
your job is to produce the same kinds of reports again and again so then the
software is getting smarter and better at doing that. We already have a bulk of
examples in this, even in journalism. There’s a smart software that can write
basic news stories or articles.
Effect on the world’s economy
In the long run, it could have a dramatic impact and I think
we have already started seeing it. As you eliminate workers and people become
unemployed or their income fall, consumers will have less purchasing power to
buy the products and services produced by the world economy. As a result, there
will be less and less demand for the specified things. Economists all over the
globe are talking about this issue. For example, In Europe, there are
discussions about inflation because there is not enough demand for products and
services. If you put this forward, there are going to be a lot of people who
are either unemployed, underemployed or struggling financially, who simply
won’t have the maximum income to spend.
we have already started seeing it. As you eliminate workers and people become
unemployed or their income fall, consumers will have less purchasing power to
buy the products and services produced by the world economy. As a result, there
will be less and less demand for the specified things. Economists all over the
globe are talking about this issue. For example, In Europe, there are
discussions about inflation because there is not enough demand for products and
services. If you put this forward, there are going to be a lot of people who
are either unemployed, underemployed or struggling financially, who simply
won’t have the maximum income to spend.
Climate Change
Climate change is a big challenge and politically we’re
having a very much difficult time solving it. A lot of people don’t believe in
it or consider it a priority, because they’re more concerned with world
economic issues. When people are worried about their mortgage or putting food
on the table, it’s hard for them to focus on something that’s going to impact
them decades from now. This is especially true in underdeveloped countries.
People in those countries are the ones that are going to suffer the most from
this drastic climate change, but they can’t worry about it because they’re more
focused on surviving economically.
having a very much difficult time solving it. A lot of people don’t believe in
it or consider it a priority, because they’re more concerned with world
economic issues. When people are worried about their mortgage or putting food
on the table, it’s hard for them to focus on something that’s going to impact
them decades from now. This is especially true in underdeveloped countries.
People in those countries are the ones that are going to suffer the most from
this drastic climate change, but they can’t worry about it because they’re more
focused on surviving economically.
Era of Technology
We’re dramatically better than we were 100 years ago and
that’s mainly because of technology. The problem is that things are becoming
less easy than they were before. Technology has reached what you might call ‘an
inflection point.’ On the contrary, technology is giving us all amazing stuff,
like medical discoveries or free information on the Internet. At the same time,
technology may take away access to the very basics, like a house and food. The
best example of that is the homeless person who has a smart android phone and
can go to Starbucks or Tim Hortons and access all the latest digital market
that is out there but has no place to live.
that’s mainly because of technology. The problem is that things are becoming
less easy than they were before. Technology has reached what you might call ‘an
inflection point.’ On the contrary, technology is giving us all amazing stuff,
like medical discoveries or free information on the Internet. At the same time,
technology may take away access to the very basics, like a house and food. The
best example of that is the homeless person who has a smart android phone and
can go to Starbucks or Tim Hortons and access all the latest digital market
that is out there but has no place to live.
If we can address such issues, so everyone has access to a
reasonable standard of living while enjoying the perks of technology, we could
have a very utopian future. If we don’t, for many people who are not
economically at the top, it’s going to be very dystopian. Many people may lose
their anchor to the middle class and get into trouble in terms of the
necessities of life.
reasonable standard of living while enjoying the perks of technology, we could
have a very utopian future. If we don’t, for many people who are not
economically at the top, it’s going to be very dystopian. Many people may lose
their anchor to the middle class and get into trouble in terms of the
necessities of life.