M Ljin wrote:
There is a historical precedent, the Industrial Revolution. It took away the work of spinners, weavers, craftspeople of all sorts and started rolling out mass produced cloth, leading to lots of people losing their jobs. Then, the machine, even hungrier, had to pull a great chunk of the population out from the countryside and into the city for factory jobs. People weren’t satisfied with what the automated process could make, they wanted more! And so the machine got fed and now we’ve fast fashion and disposable clothes, a lot more worky work around and not much unemployment last I heard.
Lina Joana wrote:
I can’t see this, or anything, preparing someone for 70% unemployment. For context, the height of the Great Depression saw 25% unemployment.
I don't think things will get that bad anytime soon. Keep in mind that the emperors of AI are mostly all talk and hype as they move toward AGI (Artificial General Intelligence). They need to attract trillions of dollars from investors to realize their dream of building the Tower of Babel, not to mention government regulations friendly to their cause.
The massive elephant in the room is energy. To achieve this dream of paradise (mainly for the elites behind the scenes), these data centers, which run the AI algorithms, will consume massive amounts of energy that the electrical grids cannot currently support, not to mention the increasing number of electric vehicles.
Therefore, research and development funding are needed for nuclear energy and micro-nuclear reactors. They are also converting natural gas and bringing back online coal-fired plants (to the chagrin of environmentalists) to supply this energy. Then there is computer chip production and research to support these efforts.
I believe many of the high-tech workers who recently lost their jobs did not do so because they were replaced by robots (i.e., algorithms). It is because these AI companies are diverting investment dollars to build out the infrastructure that supports their dreams of wishing upon a star. And they must do this in a fashion that keeps Wall Street investors happy; in other words, the financials must remain robust. Of course, these carnival-barking CEOs and executives are doing song and dance routines with the public to minimize negative PR.
Sooner or later, there may be a day of reckoning when the return on investment does not justify the money spent, and investors become frightened. If that happens, this house of cards might come tumbling down. Also, what happens if the economy crashes for reasons unrelated to AI?
So, there are obstacles that may prevent (or at least slow down) the construction of the Empire of AI.
Here is food for thought:
How much energy is consumed by AI algorithms to do simple things that humans can do with far less energy consumption than a robot?
How much money are companies (and consumers) willing to pay for AI, which requires massive energy consumption, to implement into their processes? And how much money will they save by doing so?
Unless a robot costs less than $200 and can massage my back, wash my dishes, bring me a beer, and keep its mouth shut, I'm not buying.
... college for young people coming out of HS is still (almost) always a GOOD idea.
... there is NO way I could have what I have today without my college degrees.
College degrees themselves are not skills, even when you're talking STEM related studies.
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