With the rise of AI and robotics, there is a lot of fear surrounding the job market and job losses in the developed world.
In Kai-Fu Lee’s book, AI superpowers, he mentions three potential solutions to the rise of AI
- Retraining people
- Shifting people (maybe 3-4 day work weeks?)
- A general minimum income, or universal basic income
He notes that although a UBI may be necessary, the fear is that the winners of the AI revolution will simply use UBI as a sedative for the real problem
The real problem is that with any revolution, particularly with the respects of technology and the digital era, the winners are becoming bigger winners in the economy.
Facebook has low or no marginal cost for pumping out ads
Advanced AI will be able to do more for less
And the rich will get richer, and instead of finding a solution, governments will put a “bandaid” called UBI for those that fall behind in the revolution
Which is why education is important. Which is why action is important.
a Universal basic income, no strings or restrictions attached, may have the issue of making society complacent.
He proposes instead to instead offer a societal standard income with criteria to meet.
- Educators, teachers
- Public workers, government workers
- Social workers
- those who contribute back to society in some way
- Meeting criteria of education and retraining programs
We don’t want to live in a world like Wall-E, where AI and robots are so advanced that humanity falls complacent, inactive
AI and robots will increase productivity. But humanity needs to continue running the race as well.
It’s easy to be a critic
It’s easy to be negative
When society sees someone going the road less traveled, or going a road that’s never been traveled, our instinct is to condemn the individual for being irrational
But realism and optimism are not polar opposites
In fact, a realistic optimist is the best type of person
They see an opportunity, and instead of simply dreaming about the potential, they actively take steps towards realizing that opportunity
But when someone is too optimistic, they are condemned, or criticized, or surrounded by negativity
Extreme optimism is powerful
But extreme optimism alone means you won’t get anything done. It’s okay to dream of being an NBA star one day. But if you aren’t practicing every day, taking care of your diet and health, and training your mindest as hard as you train your body, then it’s just irrational optimism.
Realistic optimism is unstoppable.
You train every day, you actively work towards your goals, and you are full of unbounded optimism and reach for your dreams.
Rational optimism is how you achieve goals.
Reach for the moon. Just be prepared to also build the rocket ship to get there.
It’s important for all of us to story history because that is the only real groundwork we have to better understand the future
History rarely repeats, but it often rhymes
All revolutionary thinkers study past revolutionary thinkers
and so if you wish to be revolutionary, first understand the history and the framework of all the past great thinkers
only once you have a groundwork of history can you transcend what has already been done
The greats become greats after they’ve studied and surpassed the greatest before them
Kobe studied MJ, Lebron studied both Kobe and MJ, Kevin Durant studied all of the above
Every economist will have studied Adam Smith, Keynes, Friedman, etc.
All the great thinkers start with Plato, Aristotle, and then move to modern thinkers: Hegel, Kant, Sartre
And every great piece of literature is influenced by T.S. Eliot, Mark Twain, Tolkien…
History will bring us to the future