Reboot for the AI Revolution. Harari, Y. N. 550(7676):324–327.
Reboot for the AI Revolution [link]Paper  doi  abstract   bibtex   
As artificial intelligence puts many out of work, we must forge new economic, social and educational systems, argues Yuval Noah Harari. [Excerpt] The ongoing artificial-intelligence revolution will change almost every line of work, creating enormous social and economic opportunities – and challenges. Some believe that intelligent computers will push humans out of the job market and create a new 'useless class'; others maintain that automation will generate a wide range of new human jobs and greater prosperity for all. Almost everybody agrees that we should take action to prevent the worst-case scenarios. [...] With insights gleaned from early warning signs and test cases, scholars should strive to develop new socio-economic models. The old ones no longer hold. [...] One new model has been gaining increasing attention and popularity: universal basic income (UBI). UBI suggests that the government should tax the rich and big corporations to provide every person with a stipend covering his or her basic needs. This will cushion the poor against job loss and economic dislocation, and protect the rich from populist rage. It will also free the masses to engage in more creative forms of work that might not currently have economic value, or to pursue further education. [...] Of course, such national and municipal schemes might not solve the worst problems. Globalization has made people in one country utterly dependent on markets in others, and automation might unravel large parts of this global trade network with disastrous consequences for the weakest links. [...]
@article{harariRebootAIRevolution2017,
  title = {Reboot for the {{AI}} Revolution},
  author = {Harari, Yuval N.},
  date = {2017-10},
  journaltitle = {Nature},
  volume = {550},
  pages = {324--327},
  issn = {0028-0836},
  doi = {10.1038/550324a},
  url = {https://doi.org/10.1038/550324a},
  abstract = {As artificial intelligence puts many out of work, we must forge new economic, social and educational systems, argues Yuval Noah Harari.

[Excerpt] The ongoing artificial-intelligence revolution will change almost every line of work, creating enormous social and economic opportunities -- and challenges. Some believe that intelligent computers will push humans out of the job market and create a new 'useless class'; others maintain that automation will generate a wide range of new human jobs and greater prosperity for all. Almost everybody agrees that we should take action to prevent the worst-case scenarios. [...]

With insights gleaned from early warning signs and test cases, scholars should strive to develop new socio-economic models. The old ones no longer hold. [...] One new model has been gaining increasing attention and popularity: universal basic income (UBI). UBI suggests that the government should tax the rich and big corporations to provide every person with a stipend covering his or her basic needs. This will cushion the poor against job loss and economic dislocation, and protect the rich from populist rage. It will also free the masses to engage in more creative forms of work that might not currently have economic value, or to pursue further education. [...] Of course, such national and municipal schemes might not solve the worst problems. Globalization has made people in one country utterly dependent on markets in others, and automation might unravel large parts of this global trade network with disastrous consequences for the weakest links. [...]},
  keywords = {*imported-from-citeulike-INRMM,~INRMM-MiD:c-14462976,~to-add-doi-URL,artificial-intelligence,digital-society,economic-impacts,economics,education,inequality,networks,regime-shift,science-society-interface,social-system,sudden-transition},
  number = {7676}
}
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