When the first machine was invented, people thought workers could take it easy. But what happened? More factories appeared, the workload increased, and capitalists were all smiles, while workers still had to toil away. When computers first came out, we thought we could say goodbye to pen and paper. But what happened? Now, we can't even go to the bathroom without taking our laptops, afraid of missing an email. And don't even get me started on phones—we thought they would broaden our horizons, but our view has shrunk to the size of a screen. Many jobs are now completed with AI assistance, and tasks that used to take three days now have to be done in one. Keynes once said that by the end of the 20th century, technological advancement would reduce the average workweek to 15 hours, but maybe only the Nordic countries have achieved that.
Artificial intelligence (AI) market interest growth 2015 to 2023, by share of companies
Source :
https://www.statista.com/statistics/1424672/ai-market-interest-worldwide/The picture showed how AI's market is growing so significantly every year. As more companies explore how to use AI, they are seeking a way to lower their costs.
The advancement of tech can't be avoided. The smart people will always think about how to follow it rather than how to stay away from it. It's hard to fight against the trend. And an example, dotcom bubble
Keynes once said that by the end of the 20th century, technological advancement would reduce the average workweek to 15 hours, but maybe only the Nordic countries have achieved that.
If I am not wrong, I must have read it somewhere that Nordic countries think about giving pension to their citizens once jobs will be done by AI and robots. We will come to that end at some point in our life and when there will be no jobs left for people, then they must be put on pension but then another problem will arise. What are people going to do when they won't have to work? This is the most interesting part and that part makes me afraid.
It sounds good for the current generation. They will get pension funds after AI takes their jobs. But, what about the future generation? Life is always moving forward. If it happens, AI will fully automate everything. There will be no jobs left for the future generation.