Author Topic: “Fourth Industrial Revolution”  (Read 4604 times)

Mackin USA

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“Fourth Industrial Revolution”
« on: January 28, 2019, 11:58:58 AM »
...panel discussions about building “human-centered A.I.” for the “Fourth Industrial Revolution” — Davos-speak for the corporate adoption of machine learning and other advanced technology — and talk about the need to provide a safety net for people who lose their jobs as a result of automation.

But in private settings, including meetings with the leaders of the many consulting and technology firms whose pop-up storefronts line the Davos Promenade, these executives tell a different story: They are racing to automate their own work forces to stay ahead of the competition, with little regard for the impact on workers.

https://www.nytimes.com/2019/01/25/technology/automation-davos-world-economic-forum.html
Mr. Mackin

rcjordan

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Re: “Fourth Industrial Revolution”
« Reply #1 on: January 28, 2019, 04:24:39 PM »
Quote
They are racing to automate their own work forces to stay ahead of the competition, with little regard for the impact on workers.

You beat me to the post. 

I think most everyone knows that businesses aren't going to be altruistic on this.  At the most, they'll allow a few humans to drift away by attrition.  The shift will be similar to the off-shoring movement in the past.

Mackin USA

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Re: “Fourth Industrial Revolution”
« Reply #2 on: January 28, 2019, 04:43:24 PM »
Who will pay the High School dropouts

#TradeSchool
Mr. Mackin

rcjordan

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Re: “Fourth Industrial Revolution”
« Reply #3 on: January 28, 2019, 05:13:27 PM »
>Tradeschools

The problem there is they teach the types of jobs that are going to be the most challenged by automation & AI.

#PopulationControl

littleman

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Re: “Fourth Industrial Revolution”
« Reply #4 on: January 28, 2019, 06:51:02 PM »
In developed economies birth rates nearly universally decease on their own, I am sure the collapse in the value of labor will only increase this trend -- the problem is going to be the transition.


rcjordan

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Re: “Fourth Industrial Revolution”
« Reply #6 on: January 29, 2019, 03:56:24 PM »
Isn't population decline mostly among the more educated populace?

ergophobe

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Re: “Fourth Industrial Revolution”
« Reply #7 on: January 29, 2019, 07:38:19 PM »
Isn't population decline mostly among the more educated populace?

I think wealthy more than educated (globally)

Brad

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Re: “Fourth Industrial Revolution”
« Reply #8 on: January 29, 2019, 07:48:31 PM »
Yes wealth is the most powerful contraceptive.

littleman

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Re: “Fourth Industrial Revolution”
« Reply #9 on: January 29, 2019, 08:52:59 PM »
It is worth spending a little time on this link to get a picture of global birth rate trends:
https://ourworldindata.org/fertility-rate

Birth rates are falling more rapidly in the developing world than it did in Western Europe and North America. Fertility rates are tanking all over the world.  I don't think it is about education alone, but more as places move away from manual agrarian economies -- children shift from being assets to a liabilities.

ergophobe

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Re: “Fourth Industrial Revolution”
« Reply #10 on: January 30, 2019, 01:44:01 AM »
Amazing article with some nice data visualizatons.

It occurs to me in looking at it that a lot of the correlations are, themselves, correlated to each other - like female education, female labor force participation, economic prosperity, infant mortality.

I was too glib in asserting that economic prosperity is the most important driver. I look at it as a European historian and in general I think of prosperity bringing down infant mortality and the move away from agriculture driving down family size. Education drives down family size not because parents are educated, but there is the perception that the path to success for the children is to obtain an education. So the family puts more resources into educating fewer children. But I think of that as caused by prosperity, with education being an effect just as the drop in fertility is an effect.

What I did not think about is how important female education is for impacting fertility rates in many places.
« Last Edit: January 30, 2019, 01:47:37 AM by ergophobe »

ergophobe

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Re: “Fourth Industrial Revolution”
« Reply #11 on: January 30, 2019, 01:55:08 AM »
But back to the original topic and why LM introduced it....

Population is expected to peak at some point around 2100. All our economic models are based on growth. It's an open question what happens when population starts to decline. It's possible in the long run that the economic productivity enabled by robots will make up for the drop in population and we will all live in paradise.

The problem, like LM said, is the timing. It seems that the robots will precede the population drop by several decades. In 1900, 38% of Americans worked in agriculture. In 1500, probably about 90% of Europeans worked in ag. Now it's 1.5% in the US. Obviously, we found other work for people.

Will we do that again? If we do, can we grow the economy and save the planet? I think the double challenge of automation ending jobs and the pressing need to avoid the worst effects of climate change and the economic contraction that entails (and the unwillingness of most people to accept any sort of contraction in the economy) is a recipe for bad things for most workers

littleman

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Re: “Fourth Industrial Revolution”
« Reply #12 on: January 30, 2019, 02:37:30 AM »
Economic contraction seems inevitable to me in the next hundred years.  However, depending on how we restructure, it could be a relatively pleasant* contraction or it could be horrific**.  Demand for labor will likely fall faster than supply -- I know that's an assumption, but the strides in automation seem to be acceleration and birth rates take decades to shift populations.

*some type of mix of socialism and capitalism

**blood in the streets/famine/war/totalitarianism

ergophobe

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Re: “Fourth Industrial Revolution”
« Reply #13 on: January 30, 2019, 01:32:34 PM »
Economic contraction seems inevitable to me

Why?

We agree that
 - population will begin to decline
 - demand for labor will fall faster than supply
 - high levels of consumption are killing the planet and must be curtailed if we are to survive

All of those things indicate that economic contraction is in our future.

But on some level the economy is increasingly "resource independent" and that's where my head starts to get tripped up.

What I mean by that (getting tripped up) is that on the one hand, we have the possibility of creating renewable energy sources that far outstrip current energy capacity. But those windmills and solar panels nevertheless require resources extracted from the ground.

Does automation + renewable tech (energy, materials) = continued rise in output or does population contraction + fewer jobs + resource depletion lead inevitably to decreased output?

And I guess that's your point - we are at a crossroads and we still may have the ability to choose either future. Unfortunately, based on everything I've seen so far, we're going to choose the negative one. For example, record numbers of people think global warming is a serious or imminent threat, but that is not translating to people being willing to take action. In fact, according to one study I saw, the more concerned people are about global warming, the *less* willing they are to make changes in their personal lives.

So as the Group of Rome put it in 1972, just what are the limits of growth? Unfortunately, their recent (2012?) retrospective on the question found that despite new challenges and new data, if we don't get our sh## together ASAP, the seams start to come apart on the global system around 2040 to 2050. And since we don't seem to be getting our sh## together...
« Last Edit: January 30, 2019, 03:50:30 PM by ergophobe »

littleman

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Re: “Fourth Industrial Revolution”
« Reply #14 on: January 30, 2019, 08:20:02 PM »
You did a good job at answering the question of why. 

Even if automation and cheap renewable energy makes the per unit production cost plummet and we some how get our act together with global warming, we will still be pushing against resource depletion.  Most agree that current consumption rates in the United States are not just unsustainable; I'd go a bit further and say it is immoral.  The purchase to landfill cycle has gotten shorter in recent years, yet the global economy relies on these consumption rates to drive growth.  One way or another the First World's per person consumption rates will fall; either though legislation on sustainability or from resource scarcity.   Legislation would put downward pressure on supply chains which would slow down growth.  If it is from scarcity instead, then the developing world will be in even worse shape. 

I think the birth rates are going to fall much faster than what is currently predicted.  On top of all the positive reasons you cited above automation and claimant change will put tremendous burden on the poor of the developing world.

I guess what it boils down to:
less consumers
less per person  consumption