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Saturday, December 03, 2016

Stephen Hawking: Automation and AI Is Going To Decimate Middle Class Jobs (businessinsider.com)

In a column in The Guardian, the world-famous physicist wrote that "the automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining." 
He adds his voice to a growing chorus of experts concerned about the effects that technology will have on workforce in the coming years and decades. 
The fear is that while artificial intelligence will bring radical increases in efficiency in industry, for ordinary people this will translate into unemployment and uncertainty, as their human jobs are replaced by machines. 
Automation will, "in turn will accelerate the already widening economic inequality around the world," Hawking wrote.
 "The internet and the platforms that it makes possible allow very small groups of individuals to make enormous profits while employing very few people.
 This is inevitable, it is progress, but it is also socially destructive."
 He frames this economic anxiety as a reason for the rise in right-wing, populist politics in the West:
 "We are living in a world of widening, not diminishing, financial inequality, in which many people can see not just their standard of living, but their ability to earn a living at all, disappearing.
 It is no wonder then that they are searching for a new deal, which Trump and Brexit might have appeared to represent."
 Combined with other issues -- overpopulation ( Edit: Not True), climate change, disease -- we are, Hawking warns ominously, at "the most dangerous moment in the development of humanity." 
Humanity must come together if we are to overcome these challenges, he says.
The Rise Of Robots

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