AI to hit 40% of jobs and worsen inequality, IMF says
bbc.com
bbc.com
Job market like lots of other things is complex and not linear, and has direct dependency on macro conditions. AI might reduce the need for lots of roles, but opens up a lot of new opportunities that are not conceivable by even almighty IMF researchers today.
It’s perhaps analogous to “cars will remove the need to lots of jobs” back in 1886.
Exactly. Prior to ~1920, horses had lots of jobs. After that, not so much:
https://www.researchgate.net/profile/Terance-Rephann/publica...
(of those that do have jobs now, most are employed on a nonprofit basis for companionship and/or pasture decoration)
Moravec's paradox [1] explains that AI can perform the "complex" processes and cannot execute the "simple" processes of children.
y recognizing a face
y moving around in space
y judging people's motivations
n catching a ball[1]
y recognizing a voice
n setting appropriate goals
y paying attention to things that are interesting
y perception
y attention
y visualization
y motor skills
y social skill[2]
[1] horses can enjoy matching velocity vectors with a struck ball, but are not into catching as dogs[3] are
[2] at least those sufficient for a feudalistic society, anyway...
[3] recall: Warren Teitelman eventually gave up on computer DWIM in favour of agility dogs
As someone who grew up in Latin America in the 80s and 90s: amen!
My country is still picking up the pieces, and some of the damage will persist for a very long time, especially in the areas of health and education - which means even if it does get fixed, the effects will reverberate for at least another generation or two.
complaining about this is like complaining about death itself.
and every single country where the IMF has its hands inside has been worse : both economically and socially and when it comes to basic human rights.
IMF is part of the problem
equality focuses on providing equal opportunities and resources to everyone, communism is a broader ideology that seeks to restructure society’s economic and political systems to eliminate classes and ensure that resources are distributed based on need, not wealth or status.
(my bad meant this comment as a reply to the other)
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages”
― Adam Smith, An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1
Some of the things in our system are specifically unequal and anti capitalist. For example, classes of investor: you need a certain level of income to make some investments.
equality focuses on providing equal opportunities and resources to everyone, communism is a broader ideology that seeks to restructure society’s economic and political systems to eliminate classes and ensure that resources are distributed based on need, not wealth or status.