by Tom Austin | February 16, 2016 | Comments Off on Don’t blame the technology — we have a Labor-Social-People-Government-Business problem
The authors of this piece in the UK Guardian http://www.theguardian.com/technology/2016/feb/13/artificial-intelligence-ai-unemployment-jobs-moshe-vardi on AI and unemployment may be overly optimistic or not on the progress of AI and it may be 100 years rather than 50 (or 10 instead of 50) but this isn’t about technology. It’s something very different.
“…technology has already massively changed the US economy in the last 50 years. “We were all delighted to hear that unemployment went down to 4.8%” this month, he said, “but focusing on the monthly job report hides the fact that for the last 35 years the country has been in economic crisis.” Citing research from MIT, he noted that although Americans continue to drive GDP with increasing productivity, employment peaked around 1980 and average wages for families have gone down. ‘It’s automation’ … “
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