Discussion Board

How AI Could Impact the Workforce in 10 Years

Artificial Intelligence, or AI, has been fast growing. As AI can help to make business’ and individuals lives easier, some see that it may actual hurt us more than it will help us. People think that it will make is harder for governments to adjust as people do not know the extent of what AI can do. Countries can become leaders in AI and then can become major players in the world economy. One of the main problems that people see is that countries that rely heavily on “working power” are those countries that are going to fall; because now jobs will be automated. Those countries that have natural resources will still be very viable in the global economy. This will then cause an even bigger gap between the working class and the top 1% in these countries. The top will gain even more power as they have the resources and economic power to stay relevant and the working class will be diminished since there will be less of them with jobs.
It is very hard to see where a country that relies heavily on manual labor can go. Being thrown around is the idea of “Universal basic income.” This will tax the big companies and the governments will use that money to support those that are unemployed. However, does that mean that a company that resides in the U.S. will then be used to help support those in another country? That doesn’t make much sense. This will also cause people to be less likely to want to find a job if they are being supported without one.  It is tough to see where AI will take us but if we use it in moderation, then maybe there can be huge upside with little downside.  

https://www.usnews.com/news/best-countries/articles/2018-09-19/ai-might-force-you-to-learn-a-new-profession-every-10-years

E-mail me when people leave their comments –

You need to be a member of UNH Economics Collective to add comments!

Join UNH Economics Collective