AI Could Wipe Out the Working Class – Sen. Bernie Sanders [video]

"The artificial intelligence and robotics being developed by multi-billionaires will allow corporate America to wipe out tens of millions of decent-paying jobs, cut labor costs and boost profits. What happens to working class people who can’t find jobs because they don’t exist?"

Some options for dealing with economic dislocation by AI and robotics that I put together about more than a decade ago (which relate to my sig: "The biggest challenge of the 21st century is the irony of technologies of abundance in the hands of those still thinking in terms of scarcity."):

"Beyond a Jobless Recovery: A heterodox perspective on 21st century economics" https://pdfernhout.net/beyond-a-jobless-recovery-knol.html "This article explores the issue of a "Jobless Recovery" mainly from a heterodox economic perspective. It emphasizes the implications of ideas by Marshall Brain and others that improvements in robotics, automation, design, and voluntary social networks are fundamentally changing the structure of the economic landscape. It outlines towards the end four major alternatives to mainstream economic practice (a basic income, a gift economy, stronger local subsistence economies, and resource-based planning). These alternatives could be used in combination to address what, even as far back as 1964, has been described as a breaking "income-through-jobs link". This link between jobs and income is breaking because of the declining value of most paid human labor relative to capital investments in automation and better design. Or, as is now the case, the value of paid human labor like at some newspapers or universities is also declining relative to the output of voluntary social networks such as for digital content production (like represented by this document). It is suggested that we will need to fundamentally reevaluate our economic theories and practices to adjust to these new realities emerging from exponential trends in technology and society."

"Five Interwoven Economies: Subsistence, Gift, Exchange, Planned, and Theft" https://www.youtube.com/watch?v=4vK-M_e0JoY "This video presents a simplified education model about socioeconomics and technological change. It discusses five interwoven economies (subsistence, gift, exchange, planned, and theft) and how the balance will shift with cultural changes and technological changes. It suggests that things like a basic income, better planning, improved subsistence, and an expanded gift economy can compensate in part for an exchange economy that is having problems."

Beyond not mentioning a Basic Income, one other thing which Bernie Sanders' comments overlook is the potential for transforming needed "work" into "play": "The Abolition of Work" by Bob Black, 1985 https://web.archive.org/web/20080702023453/http://www.whywor...

Rethinking our fundamental social instutions from an abundance perspective as I did in "Post-Scarcity Princeton" in 2008 is another aspect of all this: https://www.pdfernhout.net/post-scarcity-princeton.html

I just reread (via an audiobook) "Voyage From Yesteryear" by James P. Hogan (from 1982) which is all about people brought up in an old way of thinking actively resisting transitioning to an abundance way of thinking (including by preventing other people from doing the same). Artificial scarcity is a powerful drug for the very powerful... https://en.wikipedia.org/wiki/Voyage_from_Yesteryear "The Mayflower II has brought with it thousands of settlers, all the trappings of the authoritarian regime along with bureaucracy, religion, fascism and a military presence to keep the population in line. However, the planners behind the generation ship did not anticipate the direction that Chironian society took: in the absence of conditioning and with limitless robotic labor and fusion power, Chiron has become a post-scarcity economy. Money and material possessions are meaningless to the Chironians and social standing is determined by individual talent, which has resulted in a wealth of art and technology without any hierarchies, central authority or armed conflict. In an attempt to crush this anarchist adhocracy, the Mayflower II government employs every available method of control; however, in the absence of conditioning the Chironians are not even capable of comprehending the methods, let alone bowing to them. The Chironians simply use methods similar to Gandhi's satyagraha and other forms of nonviolent resistance to win over most of the Mayflower II crew members, who had never previously experienced true freedom, and isolate the die-hard authoritarians."