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300 million jobs could be affected by latest wave of AI

Jkca1

Jkca1

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Hong Kong CNN —

" As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists.

They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets."


I think the number cited above is too low, but as a guess, it's not a bad place to start. Whenever you read a report like the one above, they cite how AI will make those still employed more productive. I think unemployed is a better word.
 
Jkca1 said:
Hong Kong CNN —

" As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists.

They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets."


I think the number cited above is too low, but as a guess, it's not a bad place to start. Whenever you read a report like the one above, they cite how AI will make those still employed more productive. I think unemployed is a better word.
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And how many previous jobs have been impacted by new technology?
 
mrjurrs said:
And how many previous jobs have been impacted by new technology?
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A LOT, and it's one of the many reasons why it's getting harder and harder for people to find good quality, well paying jobs.

There are a lot of people out there that try to dismiss this by claiming every job that's eliminated will magically be recreated, as if the factory workers, truck drivers, secretaries, legal assistants, and everyone else are all going to go back to school to learn to program robots and train AI models. This is an incredibly stupid and short sided position.

Further, more automation shifts wealth even further from the middle class towards those who own the machines. Whether we like it or not, the economic model we've been living under where one's very survival is based on their ability to find a quality job can not go on forever. The only viable solution I see is a basic UBI to ensure one's basic needs for survival, while all other work being on top of that.
 
Jkca1 said:
Hong Kong CNN —

" As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists.

They predicted in a report Sunday that 18% of work globally could be computerized, with the effects felt more deeply in advanced economies than emerging markets."


I think the number cited above is too low, but as a guess, it's not a bad place to start. Whenever you read a report like the one above, they cite how AI will make those still employed more productive. I think unemployed is a better word.
Click to expand...
LOL - touche. :)

It can be a harsh reality what radical technological advances tend to bring. And for some, the change can radically affect their lives (and livelihoods) if they're not prepared to adapt.

That said, I think the very fact that so many of those directly involved in the development of AI are pushing for a suspension of development so we can better address the changes is prudent indeed - and frankly it's sobering as well, considering some of the potential dangers involved (and no, this isn't a reference to SkyNet).
 
RabidAlpaca said:
A LOT, and it's one of the many reasons why it's getting harder and harder for people to find good quality, well paying jobs.

There are a lot of people out there that try to dismiss this by claiming every job that's eliminated will magically be recreated, as if the factory workers, truck drivers, secretaries, legal assistants, and everyone else are all going to go back to school to learn to program robots and train AI models. This is an incredibly stupid and short sided position.

Further, more automation shifts wealth even further from the middle class towards those who own the machines. Whether we like it or not, the economic model we've been living under where one's very survival is based on their ability to find a quality job can not go on forever. The only viable solution I see is a basic UBI to ensure one's basic needs for survival, while all other work being on top of that.
Click to expand...
UBI becomes more and more inevitable as capitalism continues to eat itself.
 
Napoleon said:
It’s not inevitable. Work or perish.
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Capitalism is in the process of eliminating work. At some point there will not be enough work to support the would-be workers.

How are they supposed to be consumers without an income? There is going to have to be a UBI sooner or later.
 
Peacenik said:
UBI becomes more and more inevitable as capitalism continues to eat itself.
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UBI can make sense if the population decreases substantially. However, I am in no position to state what that number is, but maybe AI can tell us. :)
 
Jkca1 said:
UBI can make sense if the population decreases substantially. However, I am in no position to state what that number is, but maybe AI can tell us. :)
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The USA is not having enough babies to sustain population. When resources are scarce, many species respond with reduced reproduction.

In the case of humans in the USA, the 'resources' being the availability of living wage jobs.
 
RabidAlpaca said:
A LOT, and it's one of the many reasons why it's getting harder and harder for people to find good quality, well paying jobs.

There are a lot of people out there that try to dismiss this by claiming every job that's eliminated will magically be recreated, as if the factory workers, truck drivers, secretaries, legal assistants, and everyone else are all going to go back to school to learn to program robots and train AI models. This is an incredibly stupid and short sided position.

Further, more automation shifts wealth even further from the middle class towards those who own the machines. Whether we like it or not, the economic model we've been living under where one's very survival is based on their ability to find a quality job can not go on forever. The only viable solution I see is a basic UBI to ensure one's basic needs for survival, while all other work being on top of that.
Click to expand...
People look at UBI as an evil. It is a means to an end, and it would make America better.
 
Peter said:
Do you think the purpose of life is to work and that those that can't should be left to die?
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I think the world is overpopulated and reintroducing one iota of responsibility for your own survival is the fairest way of solving that.
 
Well, you've just catapulted yourself directly onto my ignore list.

Well done.
 
EdwinWillers said:
LOL - touche. :)

It can be a harsh reality what radical technological advances tend to bring. And for some, the change can radically affect their lives (and livelihoods) if they're not prepared to adapt.

That said, I think the very fact that so many of those directly involved in the development of AI are pushing for a suspension of development so we can better address the changes is prudent indeed - and frankly it's sobering as well, considering some of the potential dangers involved (and no, this isn't a reference to SkyNet).
Click to expand...
A suspension of AI development makes no sense. Should we even pause that action, we risk the chance of letting other countries have a strategic advantage. As we speak, our military is using AI to help improve its strategy, and I am sure we are not the only country to do so.

www.militarytimes.com

US launches artificial intelligence military use initiative

The initiative seeks to impose order on an emerging technology that can change the way war is waged.
www.militarytimes.com www.militarytimes.com
 
There have always been new technology that replaces workers. That's nothing new, but there are always new jobs being created.

Plus, there are two sides to every coin. Increasing productivity means lower prices for consumers. Don't believe me? Go buy some handmade clothing and compare it to machine made stuff at Way-Mart.
 
Liberty One said:
There have always been new technology that replaces workers. That's nothing new, but there are always new jobs being created.
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The rate of technological transformation has led to new industries and employment opportunities. Nobody would deny this.

However, there's an argument to be made that society is at a precipice.
Liberty One said:
Plus, there are two sides to every coin. Increasing productivity means lower prices for consumers. Don't believe me? Go buy some handmade clothing and compare it to machine made stuff at Way-Mart.
Click to expand...
You're confusing terminology. Productivity is about output per unit worker or unit-hour. What you're describing is economies of scale.
 
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