Are we edging towards a ‘universal basic income’? Tesla boss Elon Musk says cash handouts from governments ‘will be necessary’ as AI takes over human jobs

Are we edging towards a 'universal basic income'? Tesla boss Elon Musk says cash handouts from governments 'will be necessary' as AI takes over human jobs

Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets.

Musk made the comment in response to a question from a Twitter user about whether he supported universal basic income (UBI) – a cash handout that could be given to people irrespective of their employment.

Musk believes UBI could be a possible solution for unemployment caused by machines taking over the workforce.Scroll down for video Billionaire Elon Musk has said cash handouts ‘will be necessary’ if robots take human jobs, in his latest flurry of tweets Billionaire Elon Musk has […]

How the three phases of automation dictate human employment

How the three phases of automation dictate human employment

I have faith in automation in all its forms and look forward to the day when AI and machine learning make it obsolete to work for a buck.

Yet, others worry about a different future, where automation takes over completely and most humans are left on the sidelines and live a life of meager sustenance, subject to technology they cannot hope to master. PDF: Are you migrating to DevOps?

As DevOps is slowly taking over the IT landscape, its vital that IT pros understand it before jumping right into the movement. In this complimentary guide, discover an expert breakdown of […]

Weighing whether there are too many or too few jobs

Weighing whether there are too many or too few jobs

More Jobs Available Illustration by Greg Groesch/The Washington Times more > ANALYSIS/OPINION:

Will there be too few or too many jobs in the future? We are told as a result of the artificial intelligence (AI) revolution with endless robots, autonomous vehicles, etc. that there will be far fewer jobs. Yet last week, despite record levels of automation, the Department of Labor announced that the country had reached the point where there were more jobs available than people seeking work.

At the time of the American Revolution, three-quarters of all Americans worked on farms; now it is 1.5 percent. A century […]

Will Robots Really Create an Employment “Death Spiral”?

Will Robots Really Create an Employment “Death Spiral”?

Photo by Alex Knight on Unsplash Jay Richards is author of The Human Advantage: The Future of American Work in an Age of Smart Machines . He’s an Assistant Research Professor in the Busch School of Business and Economics at The Catholic University of America, and a Senior Fellow at the Discovery Institute.

According to a new International Monetary Fund research paper , the answer to the above question is yes. As one story on the IMF report put it, “The future of work run by robots appears to be a dystopian march to rising inequality, falling wages and higher […]

Robots Are Replacing Human Workers, So Why Are Americans Still Working So Hard?

Robots Are Replacing Human Workers, So Why Are Americans Still Working So Hard?

For at least six years, up until 2010, a Spanish civil servant named Joaquin Garcia collected a salary for a job he didn’t do.

Garcia had worked at a local water board in Cadiz since 1996, but when new management came in, the engineer found himself sidelined. Disillusioned and depressed, Garcia plotted an escape. He told one set of officials he was being supervised by another set, and the other set the opposite, and then stayed at home studying the philosophical works of Baruch Spinoza. His ruse was only uncovered when the town’s deputy mayor sought to award Garcia a […]

OPINION | Ken Pittman: Rep. Joe Kennedy Invests in Cutting Jobs

OPINION | Ken Pittman: Rep. Joe Kennedy Invests in Cutting Jobs

On the surface, Congressman Joe Kennedy III certainly gives his voters the impression that he truly cares about the working class. He is, like his deceased uncle Senator Ted Kennedy, a diligent defender of issues like "living wages" and raising the minimum wage in America. Sounds like a man of the people to me.

Like almost any Kennedy family member, he can be counted on to speak out against unfair compensation at perceived under-paying of employment. Without issues like this, there is little reason to elect the Democratic monarch. So how come Congressman Kennedy is so interested in lining his […]

Elon Musk: Free cash handouts ‘will be necessary’ if robots take humans’ jobs

Elon Musk: Free cash handouts ‘will be necessary’ if robots take humans' jobs

Billionaire tech titan Elon Musk has been tweeting quite a lot of late — about everything from his philosophical mentors ( Douglas Adams and Isaac Asimov ) to his political leanings (he’s a socialist).

But nearly lost in a flurry of tweets, Musk now says that universal basic income (UBI) — essentially, free cash handouts — "will be necessary over time if AI [artificial intelligence] takes over most human jobs."

That’s what Musk tweeted Friday in response to a question from a Twitter user who asked him if he supported UBI. Universal income will be necessary over time if AI takes […]

What Will the Future of Work Look Like After the Robot Revolution? (Infographic)

What Will the Future of Work Look Like After the Robot Revolution? (Infographic)

People often fear that a robot will take their job. Unfortunately, that fear might not be so far-fetched.

The idea of a robot revolution is becoming more and more realistic. On average, one robot can do the job of 5.6 persons in the manufacturing industry. However, artificial intelligence threatens more than just manufacturing. From IBM’s Watson, which can specify cancer treatments for patients, to the rise of self-driving cars , AI is infiltrating nearly every industry and diminishing the need for the human touch.

So what does this mean for the future? According to research compiled by Online Schools Center, by […]

The rise of the “Automacene”: How robots will define the next epoch in human history

The rise of the “Automacene”: How robots will define the next epoch in human history

(Shuttestock/Salon) Forget the Anthropocene — the next epoch in human history will be defined by AI and automation. Are we ready?

I’ve always had a close relationship with robots — even a fondness for them. When I was a kid I had a Baby Alive doll, mass-produced in the 1970s by Kenner. The baby ate through its battery-operated mouth and subsequently pooped, a ridiculously simple simulation of the real-life care of a newborn. In the wake of an avalanche of news on the ethical implications of technology — whether that’s Google bowing out of the military’s Project Maven or […]

WEF On Will You Lose Your Job To Automation?

WEF On Will You Lose Your Job To Automation?

As work becomes increasingly automated, conversations are swirling about whether machines are taking over. We talk to Google Cloud AI chief scientist Fei-Fei Li, as well as Sharan Burrow of the International Trade Union Confederation, Sinovation Ventures CEO Kai-Fu Lee and Nobel laureate Sir Christopher Pissarides to delve into whether it’s time to worry about future job security. Q1 hedge fund letters, conference, scoops etc , Also read Lear Capital: Financial Products You Should Avoid? tmeier1964 / Pixabay Will You Lose Your Job To Automation?

Transcript

For the last two or three centuries there is always this fear. The […]