Saturday, May 26, 2018

Why experts say we should welcome and not worry about the Robot Revolution
Read more at https://www.channelnewsasia.com/news/technology/why-experts-say-we-should-welcome-and-not-worry-about-the-robot-10278226

 (Updated: )

Ricky Lim · 

"When you get hired into a job, you have multiple tasks. You have creativity, your social intelligence, your EQ and so on. You have reasoning, which an AI system doesn’t have today and probably won’t have for at least 50, 60, 70 years.
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If robots or AI fully replaced human's jobs such than no human can earn income - and the World Economy will stagnant - as human will not have money to buy goods and services.

When this happen - Universal Basic Income given to every humans will be the only solution - as govts and bosses owning robots and AIs will produce and earn money to be distributed to all humans in a Country - so that there will be spending power to keep an Economy going

But if AI and robots are merely used as tools to complement human's effort and all humans can earn money - then ITM (Industry Transformation Map) and Skill Future to tackle disruptive tech will be the solution.
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Ricky Lim · 

Posted on:-
March 3, 2017
ricky l 27 seconds ago
The idea of Universal Basic Income - come from me !

Posted in :- Saturday, July 5, 2014

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ricky l 0 seconds ago
If nuclear is the technology that will wipe out mankind in World War 3.

The turning point of Capitalism will wipe out jobs globally - that mirror nuclear destruction of human mankind in World War 3.

In other words, United Nation need to solve this Capitalism Model (Market Economy Model) - how to create jobs to feed every citizens in each Country given the advent of disruptive technologies and robotics that destroy jobs.
How to redistribute wealth to all citizens in each Country.

A hint is that disruptive technologies and robotics - can be a slave to human mankind - to allocate a fixed subsistence sum of income to every human being for food, housing, medical, education, transport etc. - Planned Economy

Then the other part of the income is through job - for luxury. - Capitalism
ricky l

ricky l 14 seconds ago
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Brexit will not solve this. Donald Trump syndrome will not solve this.

They will make it worst. Collective United Nation Economists and Government need to come out with a new Economic Model to replace Capitalism.

Only then this will solve this.

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ricky l
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ricky l 14 seconds ago
The idea of Universal Basic Income is very simple.

Assuming in a Country of 500 million people, 1,000 boss create 1000 factory make up of robots and disruptive tech and automation - and employ 0 workers - and produce everything an Economy needs - phone, computer, food, doctor, lawyer, bankers etc.

Then only 1000 boss has income and 499,999,999,000 people in the Country is unemployed.

In this analogy, 1000 boss produced everything but no one has income to buy - except the 1000 boss.

Do you think the Economy will die?

Do you think the 499,999,999,000 people will snatch everything the 1000 boss produce - or else go hungry?

Hence you need to give 499,999,999,000 people income - "Basic Universal Income" produced by robotics - and make robot the slave to human - and not human become slave to robots ---- if one day, robots take over the jobs of all humans.
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ricky l00
ricky l 25 seconds ago
When the 499,999,999,000 people have income from "Basic Universal Income" - then they can start to buy products and services from the goods and services produced by the robotics of the 1000 boss.

Then and only then the Economy will grow - and Economy will not die.

The "Basic Universal Income" is like a normal people working to bring in income - but this time, robots take over the human to bring in income for humans - since robots replace humans' jobs.

Robots hence become the slave of humans ---- and not humans become slave and lose jobs to robots.

The 1000 boss also happy - because now got 499,999,999,000 people buy their products and services - and not snatch away their wealth produce by robots.
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Ricky Lim · 

Posted on:-

Tuesday, 1 May, 2012 2:57 PM

Ricky Lim ·
Singapore
(1) Industry Transformation Map (ITM)
- Idea is posted in 2012 to tackle disruptive tech and is adopted by the Government feature in Budget 2016.
- Now this idea is used in 23 industries where 15 industries led by one Minister-of-State have undergone transformation and has start to reap positive outcome - as a good number of companies have start to reap growth and profit through the newly transformed business.
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Ricky Lim ·
Singapore
Source of Origin of ITM :-

Ricky Lim ·
Singapore
The following is posted on:-

Tuesday, 1 May, 2012 2:57 PM
Ricky Lim
REACH RWEB Submission feedback RWEB2012050100010 via the REACH website: To raise productivity,

To raise productivity, everyone has a part to play :-
1. Business invest in capital tools and send workers for training
2. Workers upgrade skills to operate capital tools
3. Govt provide grants, provide good education, married govt R&D bodies with business etc
4. Government work with various industry to devise objective and tangible KPI to allow business, workers, union, gov, schools etc to shoot for the KPI.
5. Govt, business, bright individuals should scout overseas countries and industries that have make their industries productive and bring it back to Singapore and transform our business to be more productive.
6. Union encourage, provide relevant course for workers to upgrade
7. School train students in right course, right skills and married industry with courses.
8. Home, family members, social bodies have to support working members to provide a conducive environment for working members to be productive.
9. Look at whatever else things that can make the nation productive, to be productive.
10. Peg the wage increase vis-à-vis our regions, our competitors, our international competition to ensure that our wage increase are competitive and will not drive away business – causing massive job losses.

Sent: Tuesday, 1 May, 2012 3:24 PM
To: reachadmin@reachadmin.com
Subject: REACH RWEB Submission: Govt agenices working with industries to devise prodictivity figures

To elaborate further :-
(1) Ministry of Comm and iDA – should work with IT industries, foreign IT MNCs, local IT vendors etc to devise objective, tangible KPI productive figures in each technology areas and skillsets vis-à-vis global competition and regional competition – so that IT business and IT workers can target to meet the KPI productivity figures – and peg wage growth in % term and/or absolute term to the productivity figures and business profitability. Communicate this to the IT industries, business, IT workers, Union and schools. Make sure we are competitive with our global competitors and regional competitors.
(2) SLA should do the same with construction sector.
(3) Ministry of Finanace and MAS should work with the banking and financial sector. etc

ricky l
0Thumbs UpThumbs Down0Ricky L • a second agoRemove
That is, the concept above is how to transform Singapore Economy in 2016 - sector-by-sector (conceptualising the KPI for each sector) ---- and using targeted approach to transform each sector, each industry one by one.

Only then productivity in each sector, in each industry can be successfully transformed - supported by empirical, scientific measures.

Good that after 4 years --- the idea is taken up.
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Ricky Lim ·
Singapore
The origin of Industry Transformation Map (ITM).......................
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Ricky Lim · 

So don't assume that Universal Basic Income (UBI) is a fail experiment.

(1) UBI is useful - if robots and AI fully replace human jobs.
(2) ITM and Future Skill - are useful if human jobs are not replaced but are complemented by robots and AI (like tools and machines).
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Ricky Lim · 
罗汉菩萨现身,下凡普渡众生。
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