The Age of AI
It would be weird for bloggers these days not to write about Artificial Intelligence.
There has been some concerns that someday AI or robots will take over all human jobs causing massive global unemployments. For me, I think the world will reach that point for sure. It is just a question of when. There is no need to prevent or delay it.
Instead, what we need to do is to make sure not just the rich but everyone would benefit from this phenomenon. We tend to think that the economy is healthy when full employment is reached. In fact, full employment is not the true goal of healthy economy but the highest level of living standards possible. So, it is a blessing not a curse that robots can do everything for us. But we need to find a way to ensure that every human affords robotic services.
Indeed, this could means giving every citizen basic income to pay those services. It might sound fiscally irresponsible, but if the world has reached that point, the world should be able to afford it. At that time, we should be able to produce energy almost at no costs (solar, wind, etc.). Those free energy could drive robots to work for us 24×7 at almost no costs, too. So, I don’t see any reason why we can give everyone basic income in the future. Now we just have to gradually move along that path.
Let’s cross our fingers.