Wednesday December 13, 2017

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Mankind at 'tipping point' as automation and AI begins to replace humans...

Robot taxes and universal basic income: How do we manage our automated future.

As more and more jobs are becoming automated, the world faces a dramatic shift in the underlying structures of its labor economies over the next 10 to 15 years. The conversation is slowly becoming more prominent in the mainstream with several major figures highlighting the problem and proposing different solutions. Elon Musk maintains that the idea of a universal basic income is the best solution, while Bill Gates advocates for a robot tax.

Mankind is at a 'tipping point' as automation and AI begins to replace us in a 'long and painful process', experts warn

* As automation and AI technologies improve, many worry about job futures
* But some say that when technology destroys jobs, people find other jobs
* However, this will possibly happen after 'a long period of painful adjustment'
* Accountants, lawyers, truckers and even construction workers are about to find their work changing substantially, if not entirely taken over by computers

As automation and artificial intelligence technologies improve, many people worry about the future of work.

If millions of human workers no longer have jobs, the worriers ask, what will people do, how will they provide for themselves and their families, and what changes might occur (or be needed) in order for society to adjust? Many economists say there is no need to worry. Humans will have to be given a living wage, for being alive, or a large number of humans will be killed off.

They point to how past major transformations in work tasks and labor markets, specifically the Industrial Revolution during the 18th and 19th centuries, did not lead to major social upheaval or widespread suffering.

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