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Context never mentioned in the "AI doom gloom" articles are that demographic trends lend this to being a good thing since the productive working age population
by czbond 3y ago
Context never mentioned in the "AI doom gloom" articles are that demographic trends lend this to being a good thing since the productive working age population will seriously decline. So in effect, we need less people to do more.
We also need to, in effect, generate more tax revenue per productive working age person to support the aging population. AI helps that (from a government standpoint) by essentially "1:Many" multiplying the work 1 person can do, and be paid, and taxed.
Link to UN graphic on business insider:
https://www.businessinsider.com/6-charts-explain-worlds-demographic-crisis-2016-4#working-age-populations-6 https://www.businessinsider.com/6-charts-explain-worlds-demo...
- pixl97 3y agoIt is important to note this... but it's also important to note that AI is apt to gut the 'middle pay range' jobs. The very top tier paying jobs are apt to remain human because of the deep knowledge and skill needed that AI has not achieved yet, along with the human contact capabilities. At the low end of jobs there is a lot of physical labor that it will be very expensive to build a robot to do and not worth while putting an expensive robot in place. Then you have the middle ground of expensive enough to replace with a robot and AI, overlapping a skill range that an AI and robot can replace. This middle ground is what we commonly call middle class and further gutting it presents many risks to an economy.