David Shapiro on UBI
AI Jobpocalypse: How tech like ChatGPT will impact your life by 2030
David Shapiro - Cognitive AI Author and Expert
Impact of AI on the Economy and Job Market
💥 The primary reason for the sudden explosion of AI technology like ChatGPT is the combination of a powerful AI attached to a familiar and intuitive chat interface, making it easily accessible and understandable for users.
🧠 ChatGPT is like a "Swiss army knife of AI tools," capable of doing a wide range of tasks that surpass what individuals can do on their own.
💰 The cost-effectiveness of AI tools like ChatGPT compared to hiring human assistants is a significant factor in their value, as they can perform tasks that would require a team of 10 humans at a fraction of the cost.
🌍 The steam engine filled an energetic gap by providing a more efficient and reliable source of power, surpassing the capabilities of human and animal labor.
💼 The advancement in science and technology during World War II resulted in a significant boost and shift towards a service-based economy, leading to a decrease in farm jobs and an increase in service and knowledge jobs.
💻 Technology has the potential to both destroy and create new job sectors, leading to shifts in the economy and employment opportunities.
🌍 Economic compaction is a term that describes a future where there are more workers competing for fewer resources, including jobs, as we approach the carrying capacity of the planet.
💰 Machines are often cheaper, faster, and better than humans, making them the perfect employee as they don't require insurance, HR, or form unions.
⚙️ The value and efficiency of machines, such as computers, make them easier and cheaper to use in the long run compared to humans.
Role of Humans and the Future of Work
🤖 ChatGPT and similar technologies are not autonomous, emphasizing the need for further work on cognitive architectures and the continued role of humans in decision-making.
💪 Human touch and emotional intelligence are critical and might never be replaced by robots, making jobs like caregiving, therapy, and healthcare less susceptible to automation.
AI technology is revolutionizing the way we communicate and interact, and we must strive for a well-regulated economy with redistribution and a new moral framework to ensure liberty, property rights, fairness, and equity in a post-nihilistic world.
AI technology is revolutionizing the way we communicate and interact, with powerful predictive text tools and no-code interfaces.
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AI technology like GPT-3 will have an impact on people's lives and jobs.
AI's large language model is a powerful predictive text tool with implications in many areas.
Chat GPT is exploding due to its simple, intuitive, and flexible interface, with no code needed and no complexity.
Chat GPT is a versatile AI tool for coding, writing, and more, but requires a learning curve and is currently isolated from the outside world.
Chat GPT and similar Technologies are not autonomous due to safety and lack of cognitive architectures.
Interacting with language models is a new skill set requiring a learning curve.
Chat GPT is currently isolated from the outside world, but integrations are coming soon.
Chat GPT is like a Swiss army knife of AI tools, capable of doing a lot of things but only able to follow simple instructions.
Chat GPT is a cheap and effective tool for coding, writing, brainstorming, planning, and overcoming writer's block.
Technology has enabled urbanization, mechanized farming, and a shift from manufacturing to service-based economy, while population growth has been a primary driver of economic growth.
The steam engine filled an energetic gap by providing a powerful, reliable source of energy that enabled urbanization.
Mechanization of farming in the 1800s permanently destroyed the farming sector, reducing the percentage of Americans employed in farming from 70% to less than 2%.
The last 80 years have seen a shift from a manufacturing-based economy to a service-based economy, with a decrease in farm jobs and an increase in non-farm and knowledge-based jobs.
Technology and science advancements have caused some sectors to diminish, but have also created larger new categories.
Population growth has been a primary driver of economic growth for the last few centuries, especially when considering the fastest period of population growth in the 1950s.
Technology creates new jobs, but evidence suggests it also destroys some categories.
As automation increases, those with emotional intelligence and the ability to create and use AI tools will be the safest among knowledge workers.
As the human population approaches its carrying capacity, economic compaction is occurring due to limited resources.
Labor force participation rate peaked in 2000, despite the narrative that technology always creates new jobs and categories, suggesting a downward trend in demand for workers.
Neat and nilf are two categories of people who are not in the labor force, with neat meaning those who have never entered the workforce and nilf meaning those who have checked out for various reasons.
Over 60% of the population is at high or medium risk of being automated out of their jobs, so it is important to protect oneself from this risk.
Disney is leading the way in compliant robots, but human touch and emotional intelligence are critical and will never be replaced, with jobs like managers, therapists, and doctors being insulated against automation.
Those who can create and use AI tools will be the safest among knowledge workers.
Automation has destroyed 75 million jobs in the last 10 years and is projected to destroy 73 million more by 2030, yet our culture has not shifted to a post-scarcity and hyperabundance mentality to redistribute the benefits of increased human efficiency.
Automation has destroyed 75 million jobs in the last 10 years and is projected to destroy 73 million more by 2030.
Machines are cheaper, faster, and better than humans, making them the perfect employee.
Machines are more efficient than humans, making them valuable despite their cost and complexity.
Productivity has increased 80 times since a century ago, yet labor hours have not decreased, leading to the question of where the value created is going and what can be done about it.
Our culture uses fear, guilt, and shame to incentivize working and has embedded this mentality in legislation, fiscal and monetary policy, and the hustle culture.
We don't have a post-scarcity and hyperabundance mentality, which would allow us to redistribute the benefits of increased human efficiency.
Neoliberalism, population growth, globalism, and nihilism have led to a dystopian environment, so the answer is post-nihilism.
After WWII, tax rates decreased to pay off war debt, but then kept decreasing, leading to the current neoliberal and capitalist philosophies.
Neoliberalism was adopted globally in the 1980s, pushed by Thatcher and Reagan, and advocated for deregulation, privatization, and individual liberty, though it had its flaws.
Neoliberalism, population growth, and globalism are driving forces behind the current nihilistic and dystopian environment.
Nihilism, popularized by Nietzsche, spread westward and challenged traditional beliefs, leading to the idea that nothing matters and capitalism taking over.
We have optimized for GDP, but metrics indicate that happiness has cratered, so the answer is post-nihilism.
Life is intrinsically valuable and we can move towards a post-nihilistic world by looking to empirical evidence, redistributing resources, and showing kindness to all.
Rather than trying to go backwards, post-nihilism proposes that all life is intrinsically valuable and that this is a move forward from nihilism.
Life is intrinsically valuable and we all deserve to feel good.
Beliefs are personal and subjective, and we can move towards a post-nihilistic world by stepping away from religion and spirituality and looking to empirical evidence.
In times of economic hardship, redistribution of resources is not a new concept and can be used to combat the potential job losses due to AI and automation.
We need to move away from our scarcity mindset and towards a post-nihilistic orientation where everyone deserves to feel better.
I gave a homeless man some soup to show that everyone deserves to feel good regardless of their history.
We should strive for a well-regulated economy with redistribution and a new moral framework to ensure liberty, property rights, fairness, and equity.
We should rely on collective decision making, not collective ownership, to ensure liberty and individual decision-making.
Power structures are necessary for a planet with 8 billion people, but they must be fair and just.
We should strive for a well-regulated economy with robust redistribution and a new moral framework to ensure individual liberty, property rights, fairness, and equity.