robots take jobs away from humans

What are the consequences of 1% rise in unemployment?

Machines could put more than half the world’s population out of a job in the next 30 years, according to a computer scientist who said on Saturday that artificial intelligence’s threat to the economy should not be understated.

Expert Moshe Vardi told the American Association for the Advancement of Science (AAAS): “We are approaching a time when machines will be able to outperform humans at almost any task.

“I believe that society needs to confront this question before it is upon us: if machines are capable of doing almost any work humans can do, what will humans do?”

Physicist Stephen Hawking and the tech billionaires Bill Gates and Elon Musk issued a similar warning last year. Hawking warned that AI “could spell the end of the human race” and Musk said it represents “our biggest existential threat”.

The fear of artificial intelligence has even reached the UN, where a group billing itself the Campaign to Stop Killer Robots met with diplomats last year.

A.I. will cause a global unemployment rate up to 50%

Vardi, a professor at Rice University and Guggenheim fellow, said that technology presents a more subtle threat than the masterless drones that some activists fear. He suggested AI could drive global unemployment to 50%, wiping out middle-class jobs and exacerbating inequality.

Unlike the industrial revolution, Vardi said, “the AI revolution” will not be a matter of physically powerful machines that outperform human laborers, but rather a contest between human wit and mechanical intelligence and strength. In China the question has already affected thousands of jobs, as electronics manufacturers, Foxconn and Samsung among them, develop precision robots to replace human workers.

Source: theguardian.com

Merva Fowles Study about unemployment

In the early 90s, a study was done, called the Merva-Fowles study of unemployment, which found that a 1% rise in unemployment in major US cities, resulted in a relatively substantial increase in crime.

1% rise in unemployment:

6.7% increase in homicides
3.4% increase in violent crimes
2.4% increase in property crime

This shows, how so-called criminal behaviour is directly related to the socio-economic circumstances. It should be no surprise, that the great majority of people in prisons come from deprived socio-economic positions.

Our Society is producing the behaviour, Particularly scarcity. And year after year, the number of people in prison rises, along with the number of laws on the books. Therefore, obviously, something isn’t working right?

Something is not working. Something is wrong. If society was progressively managed with the intent of collective human well-being, then we should be seeing a constant decrease in crime and prison populations and a decrease in laws. In fact, the goal of a productive stabilised society would be the intent to eliminate the need for prisons and police and everything we have just mentioned all together.

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