AI Could Actually Help Rebuild the Middle Class, Says MIT Economist | Amanpour and Company

I just love when the silver-lining guy tells me the Industrial Revolution took 50 years to benefit the common people.

The second CEO's are told their jobs are in jeopardy of being taken over by Ai, we will see quick and hard hitting regulations to curb Ai.

I'm all for AI, as long as we institutionalize universal basic income.

The ATM was said to help the bank employees and reduce their work hours. It only made their work more and new tasks were added to the employees. Technology may simplify work, but companies will not let employees get those benefits. Rather they will ask 1 employee to do 4 people's work.

Given the poor track record of economists’ predictions perhaps the first group that AI should replace is economist themselves. We could start by training unemployed coal miners in the use of these AI systems, I wonder if their economic predictions and solutions would produce a marked improvement in our economy’s performance.

This is an insanely narrow view of how things are going to unfold.

If he thinks that AI is going to help lower the cost of services, he is 100% delusional. When has that ever happened. Companies are greedy. That is their reason for existing. Case in point... the current cost of every day items, groceries and such. We keep being told that the economy is great right now. Yeah, for the companies!! Not so great for people. As a single person who had a great job for the last 9 years and now is in a spot where getting a job is difficult because of the AGEISM that goes unchecked in this country. My single salary is not really enough to last very long, despite the fact that I've put a lot of my salary into 401k and other accounts. It will dwindle to nothing without a full time job. And that is true for many many people in this country. And that is being ignored by everyone is power and in the media. PERIOD. Things need to change big time in this country and it's not going to help if AI takes away all of our jobs.

Why are we subsizing oil but not people? Yes, subsidies artificially keep fuel prices down, but what is the point if wages are unfairly low?

People are tired of retraining. Over and over.

riiiiight. like how fair everything is now. utterly corrupt economy. impossible for common people.

I grew up loving all things tech but as an adult im terrified of it like no other. Not because of the tech itself but the people developing it. If things keep going the way they are humanity is doomed and this isnt a feeling its a fact.

As a blue collar machinist working since the 80’s, I’ve been told my whole career I’m going to be replaced by a computer. And I was. Kinda. Over 40 years. I now do the work of 5 machinists of old. But the 4 other machinists had time to retire, find other similar work, or like me increase their skills in pace with technology. But the "literate numerate tasks that follow well understood rules and procedures" that you say affected my career sounds even more applicable to modern "digital" / information office jobs than it ever did to manufacturing. I still use an incredible amount of very skilled labor in my job. If AI took over every computer aspect of my job, I’d still have more work than I can do barring some advance in humanoid robotics. And let’s not overlook the capital cost of historic automation. For a small manufacturing company to switch from manual to computer controlled machines was often 10 or 15 times the cost of a worker. And the productive life of an industrial machine is long. I still use a lathe from the 1960’s to make parts that go into space. The cost benefit of replacing an office worker is immediate. In many cases it would be like a factory that not only cut the workforce but also got to do away with the factory all together. The idea that a great percentage of the workforce won’t be entirely redundant when AI really kicks in is absurd. We’ll have Great Depression level unemployment and sectors like commercial real estate and business that service office workers like restaurants and coffee shops will fall like dominoes.

The same argument was made in the 60s about information technology. It has not led to democratized information benefiting all. Just created a new way to concentrate wealth at the top. The problem is not technology but our laissez-faire attitudes about its use. Our government can’t even pass an annual budget how can they possibly regulate a massively disruptive technology. This is not a story of hope but of more broken promises and elite misjudgments.

Maybe we should use AI to solve the wealth inequality/cost of living/“inflation” crisis 😂 if AI helps less skilled workers do more complex jobs, business owners will drop the salaries of those jobs! The benefits of robotics/AI were meant to be shared to create a safety net in a strong Democratic future… but greed always comes first… until we finally organize to change that.

This guy seems to be making it up as he goes along, much like everyone in this world of AI. No one really knows, but they all speak with a boat load of authority.

So we not going to address the Jon Steward segment about what tech companies want to do with AI? Apple fired Jon to stop him from reporting on AI and talking with Federal Trade Commission chair Lina Khan. Tech companies don't want any negative coverage of AI to the point where they will undermine journalism and democracy to imbed AI into society on their terms, no input from the public or government. It's all good and well to talk about how AI could help, but if you aren't going to address the way tech companies want this tech utilized, you are doing a great disservice to the public who are going to lose jobs and suffer because of tech companies.

It would be good AI it does net more opportunity, but that isn’t what will happen first. Unchecked, AI implementation will do for the skilled and educated what automation, computers, and Wall Street’s drive to export the manufacturing sector to cheap labor counties have done to the working class There could be chaos in the streets. Our capitalist, market economy doesn’t take care of the displaced — and the government only gets to it when it is forced to - think The Great Depression, Civil Rights legislation. This is a pull yourself up by your bootstraps culture.

such notions are merely meant to pacify an increasungly awakened proletariat; to keep them from mutiny. the ruling class has and always will be the greatest beneficiary of economic "hope".

9:32 as a patient/customer I do not like my healthcare provider doing a broader scope of work. I want someone to have enough time to focus on accurate diagnosis and engaged thoughtful treatment-if I book a 15 or 30 min appt and f/u regularly and they still can’t get it together.

AI will ruin humanity. The hubris is astonishing.