🔥🔥🔥 5 big misconceptions about AI creating mass unemployment
Callum Chace, author of "Surviving AI" and co-host of the London Futurist podcast, argues that the widespread takeover of jobs by artificial intelligence (AI) will not happen as gradually as commonly thought, but suggests this may not necessarily be negative.
At the Beneficial Artificial General Intelligence (#AGI ) Summit in Panama, Chace outlined five misconceptions about AI's impact on the future of work. He challenges the belief that job displacement by machines could never happen, comparing it to historical shifts brought about by factories and cars.
Chace contends that AI-induced job loss, or "technological unemployment," might not be harmful to society. He suggests that a world without work could be beneficial, citing retirees, aristocrats, and children who find fulfillment without traditional employment.
Filmmaker and AI commentator James Barrat offers a contrasting view based on his experiences with technological unemployment.
Chace also discusses universal basic income (UBI), calling it "possibly the most overrated idea ever." He argues that UBI may be too expensive or insufficient to address AI-induced unemployment.
James Hughes, Associate Professor of Ethics at the University of Massachusetts, disagrees with Chace's skepticism towards UBI, suggesting it could be a viable solution to address growing inequality.
Chace challenges the idea that AI-led unemployment would unfold gradually, suggesting a sudden reckoning where AI replaces most human work.
Ted Goertzel, Professor of Sociology at Rutgers University-Camden, likens concerns over AI to past "extermination panics" and acknowledges its potential impact on future warfare.
Overall, Chace's insights provoke discussion about the complexities of AI and employment's #Future , challenging conventional wisdom in an increasingly automated world.
Source - cointelegraph.com