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Robotic process automation (RPA) and artificial intelligence (AI) will create digital workers — software that automates tasks traditionally performed by humans — for more than 40 percent of companies next year, and a full one-tenth of future startups will employ more digital workers than human ones. Moreover, in 2019 roughly 10 percent of U.S. jobs will be eliminated by automation, which will also be responsible for creating the equivalent of 3 percent of today’s jobs.
Adidas' Speedfactory in Atlanta is open, producing shoes like the new AM4NYC limited collection.
The factory is completely automated, and designed to be able to speedily produce limited runs of customizable product or replenish the hottest product selling quickly during the same season.
The global RPA market continued to grow in 2018. According to the 2018 Robotic Process Automation Annual Report by Everest Group Research, the global RPA independent technology vendor market grew at about 92 to 97 percent in 2017, and is expected to grow between 75 and 90 percent annually up to 2019. The report highlighted the accelerated rate of RPA adoption in small- and medium-sized companies and that industry-specific processes continued to see the highest adoption of RPA.
In the frenzy over the rise of artificial intelligence (AI) and its impact on the workforce, many have focused on blue collar jobs, as some reports predict that half of low-skilled US jobs are at risk of being replaced by automation in the near future. However, in reality, a wide array of white collar jobs are already being impacted by the technology, according to a New York Times report.
AI may soon replace millions of office workers worldwide, according to Kai-Fu Lee, CEO of Sinovation Ventures and former president of Google China. "This replacement is happening now, and it's happening in a true, complete decimation," Kai-Fu Lee told a conference at MIT in 2017. "In my opinion, the white-collar workforce gets challenged first—blue-collar work later."
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
originally posted by: harold223
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
But what happens once AI and robots are able to build, maintain and program other robots?
originally posted by: Bluntone22
originally posted by: harold223
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
But what happens once AI and robots are able to build, maintain and program other robots?
Who exactly is buying the stuff the robots are making?
originally posted by: harold223
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
But what happens once AI and robots are able to build, maintain and program other robots?
originally posted by: Bluntone22
a reply to: harold223
Easy, it's called return on investment.
originally posted by: Bluntone22
originally posted by: harold223
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
But what happens once AI and robots are able to build, maintain and program other robots?
Who exactly is buying the stuff the robots are making?
originally posted by: Edumakated
originally posted by: harold223
originally posted by: Edumakated
originally posted by: harold223
Your right in that all the known "isms" have never operated under such conditions. In a free market system, this will eventually create a paradox. The paradox being, AI and robots are much more efficient at performing the tasks required to produce "products" and don't need to be paid but do not need to really "consume" the products they are creating. Many years ago as machinery started to be introduced in the car factories, there was a meeting of the workers about layoffs. It was mentioned that the machines don't need to sleep or eat and can work 24/7 and don't need to be paid. The reply from amongst the workers.. "Robots don't buy cars". There is the paradox. If humans have no work and can't earn any money then they cant afford to buy the things that AI and robots are producing so the economy grinds to a halt. There becomes no need for any of these things to be produced in the first place. There needs to be a way for the masses of consumers to earn money in a capitalist system or it will reach a tipping point where there are no longer enough cashed up consumers for the economy to function.
Basically, in the long run there will need to be a way for humans to earn money to keep the economy turning or money will have to be somehow artificially distributed to stave off said paradox. I'm not sure there is currently an economic system in place that truely meets the requirements. Universal Basic Income and the "post scarcity" world may be where some of the answers lie but i'm not sure how this would eventuate painlessly.
The fallacy is that there won't be any work...
Someone has to build the robots. Someone has to maintain the robots. Someone has to program the robots.
But what happens once AI and robots are able to build, maintain and program other robots?
Let me know when Skynet has an IPO. If AI and robots are able to do everything then I think us humans have bigger problems we will need to worry about.
originally posted by: Bluntone22
a reply to: harold223
When any company buys a machine, they expect the machine to make the company money.
Who would buy a machine if they couldn't sell enough product to get a return on the capital investment?