On ACM, Moshe Y. Vardi, professor of Computer Science, Rice University, notes that much like the industrial revolution, the advent of artificial intelligence and automation may be a similar tipping point, rendering all the productivity and profitability that has happened in the past look negligible compared to what is coming — but the cost may be just as high.
They are definitely right about the long period of painful adjustment! The aftermath of the Industrial Revolution involved two major Communist revolutions, whose death toll approaches 100 million. The stabilizing influence of the modern social welfare state emerged only after World War II, nearly 200 years on from the 18th-century beginnings of the Industrial Revolution.
Today, as globalization and automation dramatically boost corporate productivity, many workers have seen their wages stagnate. The increasing power of automation and artificial intelligence technology means more pain may follow. Are these economists minimizing the historical record when projecting the future, essentially telling us not to worry because in a century or two things will get better?
|Amazon Prime Air: Delivery of Packages Via Drones|
|“There are things to be both afraid of and excited of in the future.”|
|Landline Phone Service Must Die|
|Mourning the Loss of the Hard Copy Dictionary|
|Almost Out of Internet Addresses|
|Fake Name Generator|
|“These planets are more likely to look like giant eyeballs whose gaze is forever fixed on their host star.”|
|“This allows rail operators to instead focus on deeper psychological manipulation.”|
|“A new privacy scandal that’s getting far less attention.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|How to Avoid Jury Duty|
|The (Very Scary) People of Public Transit|
|CaptchaTweet: Write Tweets in Captcha Form|
|Knowing how to operate a smartphone does not qualify as being tech savvy.|
|Amateur-Built Electric Car Going After Record Set by Tesla|
|“Every human being on this planet will be completely redundant within a decade.”|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|