Read more at https://www.channelnewsasia.com/news/world/-job-killing--robots--ai-under-scrutiny-in-davos-9898112
26 Jan 2018 10:12AM
Ricky Lim ·
Posted in :- 22 Jan 2018 08:56AM
Ricky Lim ·
Singapore
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," Oxfam executive director Winnie Byanyima said in a statement.
--
Indeed this will be a real issue - if full robotics, AI, automation, driverless, drones fully replace human capital in the labour market.
(1) Factories and firms will be operated by robots - only the top management are bossess and rich owners.
(2) Majority of the human has no jobs, no income.
(3) Economic activities in all Countries come to a standstill - as goods and services are produced enmass. But since human capital are not working with no income --- no one can afford to buy the goods and services produced by robots owners.
(4) Social disorder break out as Economy fails.
This will be quite a possible scenario and a frightening one - in far future or even the near future.
Like · Reply · 1m
Ricky Lim ·
Singapore
The World must work out a new Economic system - that is fair, that encourage works, that will not be skew towards one small group - but everyone.
Like · Reply · 1m
Ricky Lim ·
Singapore
And it seems like a hybrid of "Capitalism + Socialism" could be a better new Economic model.
It tamper hardwork with compassion.
Like · Reply · 1m
Ricky Lim ·
Singapore
And a mathematical model to calculate and build :-
(1) What is the subsistence - for a household to minimally survive - as the base of "Socialism". (Compassion)
(2) Foster, encourage, reward entrepreneurship, hardwork, jobs - through "Capitalism". (Wisdom)
This should be a new Economic model that can be worked on --- in this advent of proliferation of robots, AI, disruptive technologies, automation, driverless, drones etc that take away jobs.
Like · Reply · 1m
"Artificial intelligence and robots will kill many jobs."
It's a depressingly blunt statement for anyone to make, but even more so as it is the prediction of Jack Ma, CEO of the Chinese online sales giant Alibaba.
The rise of AI - its huge potential and fears over its potentially negative consequences - is just one of the big issues discussed at the World Economic Forum in Davos, along with breaches of personal data and fake news.
--Posted in :- 22 Jan 2018 08:56AM
Ricky Lim ·
Singapore
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," Oxfam executive director Winnie Byanyima said in a statement.
--
Indeed this will be a real issue - if full robotics, AI, automation, driverless, drones fully replace human capital in the labour market.
(1) Factories and firms will be operated by robots - only the top management are bossess and rich owners.
(2) Majority of the human has no jobs, no income.
(3) Economic activities in all Countries come to a standstill - as goods and services are produced enmass. But since human capital are not working with no income --- no one can afford to buy the goods and services produced by robots owners.
(4) Social disorder break out as Economy fails.
This will be quite a possible scenario and a frightening one - in far future or even the near future.
Like · Reply · 1m
Ricky Lim ·
Singapore
The World must work out a new Economic system - that is fair, that encourage works, that will not be skew towards one small group - but everyone.
Like · Reply · 1m
Ricky Lim ·
Singapore
And it seems like a hybrid of "Capitalism + Socialism" could be a better new Economic model.
It tamper hardwork with compassion.
Like · Reply · 1m
Ricky Lim ·
Singapore
And a mathematical model to calculate and build :-
(1) What is the subsistence - for a household to minimally survive - as the base of "Socialism". (Compassion)
(2) Foster, encourage, reward entrepreneurship, hardwork, jobs - through "Capitalism". (Wisdom)
This should be a new Economic model that can be worked on --- in this advent of proliferation of robots, AI, disruptive technologies, automation, driverless, drones etc that take away jobs.
Like · Reply · 1m
No comments:
Post a Comment