Don’t Fear the Robots (or Should We?)

Slide1Hosts Phil Bowermaster and Stephen Gordon discuss positive and worrying trends related to artificial intelligence

Reinforcement Learning

Related: Playing Atari with Deep Reinforcement Learning

Fear Not the Robots – Jobs Aren’t Scarce

The flip-side of the scarcity proposition, one that economists and others usually ignore, is that limitless consumption desires, relative to productive resources, means the number of tasks for people to do is also limitless. Jobs aren’t scarce! They are limitless as sure as consumption desires relative to productive resources are limitless. The notion that there is a fixed number of tasks or jobs to do at any point in time is bogus. Ditto for the notion that job opportunities can fall. A community’s economic ladder always has more rungs to climb.

Virtual assistant Hound can make you an espresso while it reads your football scores

 

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