Mind Matters News and Analysis on Natural and Artificial Intelligence

TagUnemployment

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Workers at Hino Motors Manufacturing Indonesia, Indonesia

Is AI Creating the Conditions for Marxist Revolution?

An analyst looks at the conditions then and now
Last summer, we noted Karl Marx’s eerie AI prediction; he felt that capitalism would fall when machines replaced human labor. While today’s market economy doesn’t seem in a hurry to fulfill either prediction, some see artificial intelligence as enabling a comeback of his theories. Read More ›
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The Hills Go High Tech

An American community finding its way in the new digital economy
At present, says Hochschild, Ankur Gopal and Interapt are sourcing as many new hillbillies as they can find: “For now, there is so much demand for I.T. workers — 10,000 estimated openings by 2020 in the Louisville metro area alone — that Mr. Gopal is reaching out to new groups. Read More ›
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Is the future of jobs over?

Should people be paid to let machines do the work?
Recently, there have been short-term limited experiments with a Universal Basic Income but it’s hard to evaluate a transformative social policy with such limited and cherry-picked data. And, says Richards, paying people not to work would simply slow their move into the job markets of the digital age. Read More ›
Team welding Robot movement Industrial automotive part in factory

Karl Marx’s Eerie AI Prediction

He felt that capitalism would fall when machines replaced human labor
Because Marx held that the value of goods resided in the labor required to produce them, if goods were produced by automatons, without human labor, the economy would fall apart and capitalism would fail. Read More ›
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Will AI lead to mass joblessness and social unrest?

A 2018 book by political scientist Virginia Eubanks, Automating Inequality: How High-Tech Tools Profile, Police, and Punish the Poor argues that it will: “automated systems entrench social and economic inequality by design and undermine private and public welfare.” Read More ›