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Robots will not cause mass unemployment
By: Eric, on 29 Nov 2018


Robots will not cause mass unemployment.


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Graph Last Updated: 18 Jul 2019
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AI will create millions more jobs
Say's law implies an increase in productivity in one industry will increase productivity in all other industries allowing wages to rise
Robots will not cause mass unemployment

The rise of AI translation has already created a huge demand for human translators to collaborate with AI translators additional translation. As translation becomes more feasible, trade across languages expands expanding need for high-quality translation.

 A new report predicts applications of AI combined with human collaboration could increase jobs worldwide by 10% by 2020. https://singularityhub.com/2019/01/01/ai-will-create-millions-more-jobs-than-it-will-destroy-heres-how/?fbclid=IwAR1OBiE0SaHmddP0vEzp6585GcpndKOLf6JosLoXLjK6ZqEs-YDuFQIzE0A#sm.00002tshy313h5fhlpr215q7ogs0a

 


Say's law implies that when robots are introduced into one industry it will increase productivity in all other industries allowing wages to rise. How this works is clearly exposited here: https://www.zerohedge.com/news/2017-08-03/why-robots-wont-cause-mass-unemployment?fbclid=IwAR3op3gXlMTVBYH24DwpbILOrIQoE37-wt0xHk8eGlFbn3LjbhFU9YuvXws  using an example of three people living on a desert island, a coconut producer, a fish producer, and a laborer who works for the other two when a robot fairy is introduced Into coconut production. All three find their incomes rise.

 


Robots will not cause mass unemployment.


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