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RE: Will Machine Learning and AI Force Us to Rethink Mainstream Economic Theory?

in #life7 years ago

The last enormous shift in the workplace - the Industrial Revolution, brought about many societal shifts and took over 100 years to be fully assimilated (for lack of a better word). Shifting from an agarian society to an industrialized society showed us the absolute need for a safety net for those displaced workers. Now we are faced with the Computer Revolution which has already created enormous societal changes.

We have a world of haves and have nots - predicated on the accessibility of an internet connection. I think much of the anger and fear we are seeing in the political arena has been brought about by the changes in technology we have already witnessed. Many industries have been "computerized" with subsequent human job loss. Bank tellers, auto workers, grocery clerks and many others are a dying breed as ATM's, robots, and self checkout or Amazon Pantry have come into wide spread use.

"Tomorrow" is already here and growing. The genie can't and won't be put back into the bottle. I think figuring out how to take care of the displaced workers will be one of the top three issues the world will have to resolve in the next few decades. In the past we have used wars and land/resource grabs as an economic tool. I am hopeful we have learned enough to look to other methods of resolving the issues that surround this cultural and economic shift.

Insightful article! Thank you.

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