Economic curvature', how much artificial intelligence is responsible? part 1
Want to start with an English word interpretation. The word is 'LUDDITE'. This term is used to refer to those who are afraid of new technology. But there is a history behind it. By 1811-16, a group of garment workers in England were ready to destroy new machines in the possibility of unemployment. Originally a young worker named Ned Luud started this revolution due to the lack of workforce of a skilled worker in a factory manufactured with automated machines. But it has not been fruitful, its evidence is in the current world. So, industrial revolution started in the middle of the eighteenth century, how good or bad it is for the world, peaceful debate over it, and during the burning-burning campaign, industrialization has reached the extreme peak, and from its end, another new chapter begins, which we call the 'revolution of artificial intelligence'.
The objective of this article is to give an insight into the various aspects of the economic phenomenon that took place in the past century in order to mitigate our anxiety over how the economic balance of the world will change due to the development of artificial intelligence. However, anecdotal discussion will not be recommended for publication. Rather, enough information-data will help us to make the highest support to reach a conclusion.
During World War II, the number of job cuts around the world increased at alarming rates. It is said that in the year 1945 before the year 2012, the number of people losing jobs was the highest number of people. Although the world was able to overcome its economic recession later. Since 1953, productivity and implementation in Europe has increased parallel rates.
In the middle of the 20th century, Europe's economic system was the most favorable in terms of GDP (the total market value of products and services produced within the country within a specific time), labor productivity (in the one-hour labor product or service), income and employment, as a state's economic development indicator. . The economists who are called Great Coupling.
US productivity (blue), GDP (grey), employment (red) and income (green) from 1953 to 2011. Figure reproduced from a chart on Andrew Mc Afee’s blog.
This is clearly understood when looking at the graph above. The position of the four indicators predicted in 1953 indicates a point. That is, here is the highest level of co-existence. But subsequently, gradually the relative positions of four indicators began to change. And in the subsequent 1980s, its levels were particularly noticeable. Which is called the Great Decoupling Point. It may be seen, here the productivity and GDP amount is high (positive) but employment and income downgrades (negative). What could be the reason behind the reductions in labor wages and the increase in production?
Neo-Luddite people blame technology for those who stand against the new technology at the present time. In the last two decades, the world has progressed faster than the technological advances in the next two hundred years of industrial revolution. As a result, it is the priority of the consideration that the fault is logical. At one time, people were able to control the production process of any liquid. In the contribution of machining, it is produced through a mixed control process of humans and machines. But at the beginning of the 21st century, the unimaginable automakers of the machine started releasing man from labor. Since the machines are much smarter than before, so the work of these workers is inadequate. Although this simplification seems to have errors behind the new generation of economists. If the job goes out in the factory due to technology, then people will be looking for another way of earning. Harvard professor Kenneth Rogoff presented a curious report about this. According to him, the proportionally 'chess' players are much more in comparison to the previous time. In the cities of Europe a good chess trainer earns 100-150 dollars per hour. And the introduction of this chess game is growing, but only by making 'Chess App' on a computer or smartphone. So, what can we conclude in this case - how much is the technology responsible for losing jobs?
Allan Turing, the father of theoretical computer engineering and artificial intelligence, said in his computing machinery and intelligibility article in the 1950s, "" I believe that at the end of the century the words and general educated opinion has changed so much that a speak of machines thinking without expecting to be contradicted ". Today at the end of 2016 we realize how accurate the touring was done. The incredible success of artificial intelligence came to us in the late nineties. In 1997, IBM's computer was defeated by Deep Blue World Champion chef Garry Kasparov. In 2005 and 2007, one of the most prestigious robot race competitions in the world, 'DARPA Grand Challenge', automated cars competently compete in city roads and rugged sandstones. In such quizzes, this type of computer powered device is also in the forefront. In 2011, IBM's computer 'Watson' showed remarkable success in America's famous TV game show 'Jeopard!' Also, in the last year of March, one of the toughest intellectual games in the world lost a computer named AlphaGo, in a championship of Go, the highest scorer in the game, Lee Sedol, Along with such intelligence, the mechanism of robot development is increasing rapidly. The video below shows-The mechanical expertise of the robot only is not surprising, as well as people can also instruct them through using mobile apps. Besides, the doctor's prescription is now digitized. The drug shopkeeper's work is also possible through robots today.
On the Internet, different robotic works will be seen. People who are replacing themselves in the workplace. In this, we will see how narrow the work place of human beings is now.