How AI Can Create Jobs
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Transcript of How AI Can Create Jobs
“…47 percent of jobs are “at risk” of being automated in the next 20 years.”
Carl Frey and Michael Osborne, Oxford University“The Future of Employment: How Susceptible
Are Jobs to Computerisation?”
Our global economy has the mistaken idea that the goal of technology is to maximize efficiency and profits, even if that means treating people as a cost to be eliminated.
Increased productivity is the true source of wealth, but when it is used only to drive “shareholder value,” the rest of society suffers.
That’s a problem
“The people will rise up before the robots do.”
Andy Macafee
Co-author,
The Second Machine Age
Erik Brynjolfsson and Andy Macafee
And those in power couldn’t imagineThe laws of welfare economics assert that when some people are made better off as the result of an economic policy change, the winners must compensate the losers. But as Bill Janeway put it to me in a pungent email, “Unfortunately, the winners rarely do so except as the result of political coercion.”
It isn’t technology that wants to eliminate jobs
“Technology is the solution to human problems. We won’t run out of work till we run out of problems.”
“Technology is the solution to human problems. We won’t run out of work till we run out of problems.”
Nick Hanauer
‘When Elon builds a company, its core initial strategy is usually to create the match that will ignite the industry and get the Human Colossus working on the cause.”
Tim Urban
Wait but Why
At the Royal Free Hospital
“Within a few weeks of being introduced, nurses who have been using [Deepmind] Streams report that it has been saving them up to two hours every day, which means they can spend more time face-to-face with patients.”
The Law of Conservation of Attractive Profits
“When attractive profits disappear at one stage in the value chain because a product becomes modular and commoditized, the opportunity to earn attractive profits with proprietary products will usually emerge at an adjacent stage.”
Clayton Christensen
What Becomes Valuable in a Future of AI?“People in the technology community frequently ask me 'how long will it take to replace the Fin operations team with pure AI?’… At Fin, however, our mission is not automation for its own sake. Our guiding principle is providing the best experience for users of Fin…. Technology is clearly part of the equation. But people are also a critical part of the system that results in the best possible customer experience. And the role of technology at Fin is largely to empower our operations team to focus their time and effort on the work that requires decidedly human intelligence, creativity, and empathy.”Sam Lessin, fin.com
The fundamental technology design pattern
Augment humans,
so they can do things that were previously impossible.