Ideally, continuing progress in AI will create a lot more jobs in teaching, training and retraining. This is the real worry about AI, which is not the same as “the robots taking all our jobs.” So increasing the importance of retraining will have some significant inegalitarian effects, namely that the lesser educated may fall behind or be re-employed at lower wages. On average, better educated individuals are more skilled at retraining. It’s not like everyone will have to know the intricacies of neural networks, but often this retraining will be more daunting than learning how to use the new espresso machine at Starbucks. More jobs will require new skills that involve working with software, sometimes in the form of AI. So it’s not surprising if AI is not entirely popular.ĪI also is going to require a lot of job retraining. It may be true that the costs of AI in the labor force - displaced jobs - are more visible than the benefits of AI - new jobs and lower prices. Those tasks are either hard to automate (a robot gardener?) or, because wages are low, less profitable to automate. Many poor individuals hold jobs in the service sector or perform manual labor. The rest of us do, whether directly or indirectly through the businesses we patronize.Īnother benefit for lower-income groups is that current manifestations of AI do not usually displace the jobs of the poor. They do not need to economize on the use of human labor. They already can hire armies of servants to manage their obligations, schedules, and so on. The people who least need AI are the super-rich. ![]() As computational biology improves health care, the sick will benefit. ![]() If software and AI programs help economize on the use of electricity, then it will be easier to mitigate climate change. ![]() If software routes packages and shipments more efficiently, then transportation costs will be lower. AI makes many goods and services cheaper, and that in turn benefits the poor and disadvantaged. The wages of journalists will fall accordingly, while those of specialists who work on AI will rise.īut the benefits of AI do not accrue only to those in the technology sector. Software can already write simple news articles, especially for standardized events such as earnings reports or sports scores. Nonetheless, AI may bring big changes in compensation.
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