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  • You are watching Trends!

  • Every Thursday we take a peek at the future to see what's ahead of us.

  • Welcome to ALUX.com!

  • The place where future billionaires come to get inspired.

  • Hello Aluxers, and welcome back! By some, technology is considered theoilof the 21st century

  • Once we tapped into it, our world changedwe're sure all of you are experiencing these rapid changes first-hand in your day to day lives;

  • which is why in today's video we're taking a look at critical shifts happening in the job market due to advancements in technology,

  • and explore the idea of universal income. Let's dig in.

  • What if we run out of jobs for our ever-growing population, because of mass automation?

  • What if an AI system, could replace you at work?

  • What if the only jobs available, required backgrounds in Robotics, or engineering?

  • What if the top businesses in the world, employed more robots than humans?

  • What if your dream job became obsolete?

  • We know - this probably sounds like some crazy sci-fi movie plotbut Aluxers, this reality could take shape a lot sooner than we think.

  • With that in mind, let's try to understand what the current job market looks like before automation takes over completely.

  • At present, the majority of low skilled jobs like driving, manufacturing, and maintenance are all becoming irrelevant,

  • with the advancement in mass automation and the success of AI.

  • It's impossible not to feel the difference digitization has made in our daily lives...

  • Everything from watching movies, to buying tonight's groceries - can be done online.

  • And although this has made our lives more convenient, it's also eliminated thousands of jobs.

  • Sure, autonomous cars are "cool"... but if that tech takes hold in the trucking industry... 50,000 drivers will be left jobless in the US alone.

  • Several experiments in the past have proved that robots and AI systems are more efficient than human beings in every professional field,

  • and although they cannot imitate things like human touch or empathy, in professions like medicine

  • they are definitely good enough to replace members of the less skilled workforce.

  • Top CEOs care about their profits more than anything else, and if that means replacing hundreds of lower-end jobs with robots or AI codes,

  • you can bet on them making that tough choice.

  • Which brings us to address a single questionhow do we survive in a future without jobs?

  • That question has led to quite a debate in recent yearssurrounding the idea of a Universal Basic Income, or UBI.

  • Basically, a social model designed to support people when job availability becomes a thing of the past. Let's take a closer look.

  • Currently, we live in a world with major economic inequality.

  • On the one hand, we have giant tech companies earning profits greater than the GDP of some countrieswhile on the other hand,

  • we have a class of actively working poor people, who are employed but are earning below their country's poverty line.

  • These actively working poor are affected by the low wages they earn, and the taxes they have to pay in order to sustain their livelihood.

  • Now one might wonder, “why would someone work so hard, and still live poor, if national governments provide social services such as welfare?”

  • - an idea similar to that of UBI.

  • Interestingly, American presidential candidate Andrew Yang based his entire campaign on the idea of universal basic income,

  • and why it's necessary for a developed nation like the US, where automation is growing more rapidly than many other countries.

  • With that said, let's try to understand how the UBI model can work in a country like the United States,

  • and what implications it could have if replicated and implemented around the world.

  • And Aluxers, speaking of the world (we know, cheesy segue, right?)

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  • Now, back to the model of UBI, in reference to the current US Economy.

  • These days, a monthly income of 1000 USD is considered to be a reasonable Universal Basic Income for a person receiving social assistance.

  • Right now, millions of manufacturing jobs in the US have been automated, and nearly 30% of stores have closed in the retail sector.

  • Many people in the US can't afford to pay exorbitant college tuition fees for higher education and/or specialization,

  • this wave of automation will definitely result in greater unemployment.

  • Considering this, it starts to become clear that a greater need for a UBI may be on the horizoneven for developed nations like the US.

  • However even on a global scale, we can see similar job market trends in countries like Japan,

  • where the majority of service jobs are already automated, due to its aging population.

  • Now Aluxers, the tech-savvy among us know there's no first-move advantage when it comes to technology

  • and even though the rate of automation differs across different economies and geographies,

  • one thing will always be certain: top multinational companies will always put profits before welfare.

  • It is estimated that 800 million jobs will be automated worldwide by 2030,

  • and technological advancements like deep learning have left practically no boundaries as to what can be automated.

  • Now if you're starting to think a UBI model provided by our governments, or sponsored by businesses, can make things better for everyone

  • We gotta say, the solution is not that simple.

  • Several experiments in providing the masses with a basic income have failed in the past, and in some cases, created more problems than it solved.

  • Some individuals proved to become unmotivated and lazy because they did not need to work for a living

  • some wasted their money on drugs and alcohol

  • We also have to consider that the model of UBI doesn't actually bridge the gap in wealth equality,

  • since the income provided doesn't account for things like inflation or economic breakdown.

  • Some intellectuals and economists also believe that UBI could lead to an implosion in stock markets,

  • and slow down the economy further by reducing spending, rather than increasing consumption.

  • The implementation of a UBI poses challenges of its own, the model needs to be tailor-made for every country and depends on multiple factors

  • like the current state of welfare in the country, the focus of government, and/or how much money the government has allocated for welfare in its budget.

  • In 2017, the Canadian government experimented with the idea of a Universal Basic Income.

  • The Pilot Project was an attempt to bridge wealth inequality, and uplift the lower class.

  • The Canadian government planned to provide 4000 socially disadvantaged people a UBI of $17,000 dollars annually, for a period of 3 years.

  • However, the project was scrapped after ministry officials determined the experiment did not enable the participants

  • to become independent contributors to the economy.

  • The cancellation of the program left the participants angry and dissatisfied, while also making their future even more uncertain.

  • Similar experiments have also been carried out in countries like Kenya and Finland, and as we indicated before,

  • may even be necessary highly developed countries like the US, in the very near future.

  • For most of us, we need a job to earn our livelihoodfor some of us, that job may even be what defines us and gives our lives meaning.

  • We're betting that for you Aluxers, a life without work goals would be kind of... Empty and without purpose...

  • So instead of worrying about AI and Robots, let's be smart and start planning how we'll handle the changes ahead!

  • Having such a big international audience, we'd love to know Aluxers,

  • What does the job market look like in your country?

  • Is automation resulting in job cuts and maybe even a slowdown in your country's economy?

  • Also - what is your take on a future without jobs?

  • Would you acquire new skills and try to keep yourself employed in a world full of automation,

  • or would you settle for a universal basic income provided by your country's government? Let us know in the comments!

  • And, of course for sticking with us until the end, here's your Bonus!

  • All over the world, various experiments are done comparing the efficiency of AI systems with human professionals.

  • In a september 2019 study - conducted by a team of researchers from the University Hospitals Birmingham NHS Foundation Trust in the UK

  • it was shown that deep learning could detect a vast range of diseases, from cancer to eye disorders, on par with human healthcare professionals.

  • It was found that AI can correctly diagnose in 87% of the cases, as compared to medical professionals who could correctly diagnose in 86%...

  • and the specificity of the deep learning algorithm was surprisingly at 93%, as compared to its human counterparts.

  • Interestingand, kind of alarmingam I right?

  • Thank you for spending some time with us Aluxers!

  • Make sure to subscribe so you never miss another video.

  • We also handpicked these videos for you to watch next.

  • As always the conversation continues on social media.

  • Thanks again and we can't wait to have you back tomorrow.

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ユニバーサル・ベーシック・インカム。ジョブズのない未来を生き抜く方法 (Universal Basic Income: How to Survive in a Future WITHOUT JOBS)

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    王惟惟 に公開 2021 年 01 月 14 日
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