Economic Elite Announce Plan to Replace Human Labor with Machines
Saturday, February 8, 2014
Speaking at the recent Davos economic conference – widely considered to be the elite economic forum to discuss trends and political strategy – an expert in artificial intelligence and machine learning, Jeremy Howard, had some stunning announcements that indicate a major shift in employment is set to occur very soon.
As Howard states in the video below, we have hit a critical threshold where machine intelligence is performing better than even the leading experts in the fields of medicine, science, and banking among others. This has vast ramifications, as this crossover coincides also with the replacement of skilled and non-skilled human labor with robots. Between the two events, people from all economic classes are being threatened with replacement in an unprecedented way. It is being called technological unemployment – a type of permanent unemployment that greatly exacerbates our current recession/depression, because the lost jobs most likely will never return.
Howard asserts that we are about to encounter conditions akin to those that occurred after the Industrial Revolution replaced manufacturing and agricultural workers to a vast degree. That event, in fact, gave rise to the term technological unemployment. Much maligned economist, John Maynard Keynes, was the first to issue dire predictions of a type of extinction level event for unemployment, which we now clearly know never fully took place. However, the new type of automation poses a far greater threat, according to many researchers such as Jeremy Howard. The main reason is simple: this time it is all-encompassing; in other words, everyone can be replaced … permanently.
This has led to predictions such as those made by Professor of Computer Science, Moshe Vardi, when he stated that all human work will be fully outsourced to robots and robotic machine intelligence by 2045. But we need to keep in mind that this is not some sort of overnight switch that gets thrown; it is happening right now, as technology is already killing middle class jobs.