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Category: employment

My new article for TechCrunch on capitalism and the robot revolution:

Economic experts are trying to figure out a question that just two decades ago seemed ridiculous: If 90 percent of human jobs are replaced by robots in the next 50 years — something now considered plausible — is capitalism still the ideal economic system to champion? No one is certain about the answer, but the question is making everyone nervous — and forcing people to dig deep inside themselves to discover the kind of future they want.

After America beat Russia in the Cold War, most of the world generally considered capitalism to be the hands-down best system on which to base economies and democracies. For decades, few doubted capitalism’s merit, which was made stronger by thriving globalization and a skyrocketing world net worth. In 1989 — when the Berlin Wall fell — the world had only 198 billionaires. Now, according to Forbes, there are 1,826 of them in 2016.

Despite growing riches, when banks collapsed in 2007 during the Great Recession, the world stepped back and wondered aloud if a more nuanced approach to economic progress was needed. These doubts of 21st century capitalism helped set the stage for an economic paradigm shift just starting to appear — economists observing jobs not just disappearing to other countries, but disappearing off the face of the Earth. The culprit: robots and software.

At first, the warnings of this weren’t very loud. After all, economies and companies thrive because of modernization, which includes upgrading with new tech to make and save money. But in the last year, a growing chorus of people are beginning to see a tipping point, maybe a decade in the future, where tens of millions of jobs may be lost in as short as a five-year period — which would be many more times the jobs lost during the Great Recession.

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(An alternate version of this article was originally published in the Boston Globe)

On December 2nd, 1942, a team of scientists led by Enrico Fermi came back from lunch and watched as humanity created the first self-sustaining nuclear reaction inside a pile of bricks and wood underneath a football field at the University of Chicago. Known to history as Chicago Pile-1, it was celebrated in silence with a single bottle of Chianti, for those who were there understood exactly what it meant for humankind, without any need for words.

Now, something new has occurred that, again, quietly changed the world forever. Like a whispered word in a foreign language, it was quiet in that you may have heard it, but its full meaning may not have been comprehended. However, it’s vital we understand this new language, and what it’s increasingly telling us, for the ramifications are set to alter everything we take for granted about the way our globalized economy functions, and the ways in which we as humans exist within it.

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President Obama announced a new initiative this week to connect 20 million more Americans to broadband by 2020, further promoting the White House’s agenda to reclassify high speed Internet as a public utility, like water or electricity.

The digital initiative, named ConnectALL, is intended “for folks looking for jobs or workers hoping to learn new skills,” wrote Obama in a Facebook post, acknowledging that in today’s economy, “the Internet isn’t a luxury — it’s a necessity.”

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I like this article; why? Because if I plan to make any investment into a robot that is my personal assistant, or housekeeper, or caregiver, etc. I want to ensure that they fit my own needs as a person. Many of us have taken some sort of a personality profile for work; interview for jobs where you were reviewed to be a “fit” culturaly, etc. as well as met people 1st before you hired them. So, why should be any different from the so called “humnoid robots?” And, this should be intriguing for some of us where only 6% of your gender thinks and processes information like you do.

Emotional behaviors can make your drone seem like it’s an adventurer, anti-social, or maybe just exhausted.

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Now, we’re saying 50 yrs instead of 30 yrs. And, 3 months ago it was 10 yrs. I guess 6 months from now it will be 100 yrs from now. Folks need to get a little more pragmatic instead of hyping too much or you will lose creditability with consumers and the markets.

Pew Report: Majority think AI will replace humans, though most still believe their job is secure by Steven Loeb on March 10, 2016.

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The interesting piece in the articles that I have seen on robots taking jobs have only occurred in Asia and in certain situations in the UK. I believe that companies across the US see some of the existing hacking risks (especially since the US has the highest incidents of hackings among the other countries) that prevents companies from just replacing their employees with connected autonomous robots plus I am not sure that robotics is at the level of sophistication that most consumers want to spend a lot of money on at the moment.

Bottom line is that until hacking is drastically reduce (if not finally eliminated); that autonomous AI like connected robots and humanoids will find they will have a hard time being adopted by the US collective mass of the population.

In the future the global employment market will rely heavily on robots, artificial intelligence, and all sorts of automation.

In fact, technology is so crucial going forward, that in January, the World Economic Forum predicted that in less than five years more than five million human jobs will be replaced by automation, AI, and robots.

Just this week, a new report showed nearly a third of retails jobs in the UK could disappear by 2025, with many workers replaced by technology in some way or another.

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I like the concept; however, as long as “connected AI” is connected to the Net or any network infrastructure, or platform that is connected to a network and the network infrastructure/ net can be hacked; companies and consumers will still finding themselves closely monitoring the AI systems & machines which could cost companies more money and not less money. So, this does place a concern on the investments being made to develop technology that may not be fully adopted as it once was hoped.

Australians could be working alongside artificial devices and robotic devices within the next 20 years, according to a landmark report by the Federal Government’s agency for scientific research.

The CSIRO has launched a report claiming that rapid advances in automated systems and artificial intelligence meant that robotic devices would be able to perform many tasks more quickly, safely and efficiently than humans.

The report, commissioned by the Federal Government in partnership with the Australian Computer Society, Boston Consulting Group and ANZ, “mapped out the changing landscape of our workforce as we move through huge technological shifts”, according to Minister for Employment, Senator Michaelia Cash.

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