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Will Advances in Technology Create a Jobless Future? | MIT Technology Review - 0 views

  • OECD warns that income inequality is now undermining economic growth.
  • high school diploma
  • isolate the specific impact of technology
  • ...139 more annotations...
  • globalization
  • economic growth
  • access to education
  • tax policies
  • partial, explanation for the decline of the middle class
  • increasing number of well-paying jobs requiring sophisticated technology skills
  • much of the workforce is feeling squeezed.
  • long-term trends that began decades ago,
  • job polarization
  • most harshly affected people in their 20s
  • an economic transformation that is unique in history
  • better medicine
  • wonderful
  • devastating
  • those not in a position to reap the financial benefits
  • Many economists see little convincing evidence that advances in technology will be responsible for a net decrease in the number of jobs, or that what we’re undergoing is any different from earlier transitions when technology destroyed some jobs but improved employment opportunities over time
  • inherently different
  • technological breakthroughs
  • jobless future
  • driverless cars
  • 3-D printing
  • guaranteed basic income
  • Milton Friedman
  • Friedrich Hayek
  • libertarian
  • safety net with minimum government involvement
  • progressive
  • supplements other programs to help the poor
  • Allowing a large number of workers to become irrelevant in the technology-centric economy would be a huge waste of human talent and ambition
  • enormous financial burden on society
  • how even today’s automation is affecting employment
  • impact of industrial robots on manufacturing
  • increase the productivity of the factories
  • no evidence that the robots reduced total employment
  • impossible to accurately predict the effects of future advances
  • wild speculation
  • great potential for nanotech in areas such as clean energy
  • ignores the rules of chemistry and physics
  • scared our children
  • our future in the real world
  • there will be no such monster as the self-replicating mechanical nanobot of your dreams.
  • Speculating about such far-fetched possibilities is a distraction in thinking about how to address future concerns, much less existing job woes.
  • not only summarize the content but extract a “narrative” from it
  • readable
  • likely to improve
  • not seen a massive impact on white-collar jobs
  • cofounder of the company
  • Short-term and medium-term, [AI] will displace work but not necessarily jobs
  • free to work at the top of their game.
  • access to massive amounts of data
  • not breakthroughs in AI
  • magical rhetoric
  • temper our expectations
  • the trajectory of technological progress is not inevitable
  • choices
  • governments
  • consumers
  • businesses
  • which technologies get researched and commercialized and how they are used.
  • ncome inequality
  • back burner of mainstream economics.
  • Piketty’s
  • made inequality the hottest topic in economics
  • innovation in a form that increases the employability of workers.”
  • governments choose
  • research to fund
  • businesses decide
  • technologies to use
  • inevitably
  • influencing jobs and income distribution
  • we will be aware of what is happening
  • productivity
  • output given a certain amount of labor and capital
  • it makes sense to use less and less human labor
  • Starbucks
  • Consumers often prefer people and the services humans provide.
  • Apple stores
  • countless swarming employees armed with iPads and iPhone
  • compelling alternative to a future of robo-retail
  • choice in how we use technology
  • winning strategy
  • army of tech-savvy sales employees toting digital gadgets
  • ovel shopping experience
  • car service Uber
  • role in increasing inequality
  • effects are not inevitable
  • government
  • business
  • consumer
  • Krugman
  • gods of technology
  • social constructs
  • earlier technology transitions
  • suffering and upheaval
  • Stiglitz
  • Great Depression
  • mechanization
  • manufacturing boom
  • painful transition
  • service-based
  • Those who are inventing the technologies
  • automation
  • productivity
  • a new problem to innovate around
  • keep people engaged
  • AI can do most things better than most people
  • grand challenge for engineers.”
  • choose to embrace
  • public transportation systems
  • more safe,
  • convenient
  • energy efficient
  • fill the highways
  • much-needed investments
  • education
  • infrastructure
  • biotechnology
  • energy
  • the best bulwark against sluggish job creation is economic growth
  • innovative service-intensive businesses
  • rebuilding our infrastructure and education systems.
  • “labor-light” economy
  • genius of capitalism
  • benefited from them disproportionately
  • Licklider
  • on line interactive communities
  • privilege or right
  • intelligence amplification
  • discontinuity in the spectrum of intellectual opportunity.”
  • give more people access
  • benefit from the wealth new technology creates
  • more people need to “own the robots.”
  • owns the capital
  • robots and AI inevitably replace many jobs
  • boost their productivity
  • increase both their earnings and their leisure
  • increasingly wealthy society
  • restore the middle-class dream
  • driven technological ambition and economic growth.
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