Posted 2 years ago on March 2, 2019, 7:57 p.m. EST by grapes
This content is user submitted and not an official statement
I was reading DKAtoday's comment:
and thought of this:
Futurists and economists DISAGREE about whether human societies will face mass unemployment as a few Artificial-Intelligence (AI) workers can take over tasks previously done by many human workers:
DKAtoday's comment essentially points to where the economists have gone astray in their predictions that there won't be mass unemployment in the future. The BREAKDOWN occurs at (look at the chart @4:42 of the video) how higher productivity is followed up by business, societal, and human actions leading to lower prices, expansion, and more human consumption producing demand for more employment which mitigates the reduction of jobs due to the higher productivity.
Our current economic system in the U.S. has neutered the generating-new-employment effects of higher productivity which will arrive as human workers are displaced by AI workers which may do tasks faster, better, cheaper, and more reliably.
If we do not revamp our economic system, I believe that there will be mass unemployment, mass misery, mass societal breakdown, mass chaos, and wars.
We must fix this before it hits us squarely.