Automation and AI, specifically cognitive AI, poses a threat to many knowledge-based and cognitive jobs in the future. This could lead to widespread job loss.
Redistribution policies like universal basic income will likely be needed to address the issue of job loss and ensure people have access to basic necessities.
Collective ownership models of production, like cooperatives, may become more common to distribute the benefits of AI and automation.
AI and automation could lead to price deflation as the cost of producing many goods and services decreases. This could offset some of the inflationary pressures of redistribution policies.
People’s identity and self-worth are closely tied to their jobs, so job loss could have negative impacts in this area that will need to be addressed.
Pursuing excellence through mastery, challenge and social recognition could help people replace some of the identity lost from job loss.
People value autonomy and self-determination, so redistribution policies will need to ensure people still feel in control.
New economic indicators beyond GDP and employment rates will likely be needed to measure economic productivity and wellbeing in a post-labor economy.
A wellbeing index based on autonomy, mastery and connection could be one potential new indicator.
Ensuring that everyone’s basic needs are met, as in Maslow’s hierarchy of needs, should be a priority goal.
Automation and AI, specifically cognitive AI, poses a threat to many knowledge-based and cognitive jobs in the future. This could lead to widespread job loss.
Redistribution policies like universal basic income will likely be needed to address the issue of job loss and ensure people have access to basic necessities.
Collective ownership models of production, like cooperatives, may become more common to distribute the benefits of AI and automation.
AI and automation could lead to price deflation as the cost of producing many goods and services decreases. This could offset some of the inflationary pressures of redistribution policies.
People’s identity and self-worth are closely tied to their jobs, so job loss could have negative impacts in this area that will need to be addressed.
Pursuing excellence through mastery, challenge and social recognition could help people replace some of the identity lost from job loss.
People value autonomy and self-determination, so redistribution policies will need to ensure people still feel in control.
New economic indicators beyond GDP and employment rates will likely be needed to measure economic productivity and wellbeing in a post-labor economy.
A wellbeing index based on autonomy, mastery and connection could be one potential new indicator.
Ensuring that everyone’s basic needs are met, as in Maslow’s hierarchy of needs, should be a priority goal.
https://www.youtube.com/watch?v=9yN7885s5rA