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Technologies create entire ecosystems that prevent other possible ecosystems emerging.
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Improving on an existing technology can be more profitable than investigating its alternative. This is called path dependency.
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Through path dependencies it is possible to nudge the future economy to be more human-centric or more AI-centric.
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The important distinction is between automating tasks that humans excel at and those they fare poorly at. The latter makes human labor more valuable.
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Any technology, be it material or social, that improves human capital is immensely important in such path dependencies as well.
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https://www.newscientist.com/article/mg24332440-200-how-the-us-almost-introduced-a-universal-basic-income-50-years-ago/
Why">https://www.newscientist.com/article/m... didn& #39;t the 1960s automation transform society in the as they were expecting?
An alternative to consider is that perhaps automation did occur, but that the models we use to predict technology& #39;s effects on society are mistaken.
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Why">https://www.newscientist.com/article/m... didn& #39;t the 1960s automation transform society in the as they were expecting?
An alternative to consider is that perhaps automation did occur, but that the models we use to predict technology& #39;s effects on society are mistaken.
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http://papers.ssrn.com/sol3/papers.cfm?abstract_id=3496364
A">https://papers.ssrn.com/sol3/pape... paper well worth reading! It shows automation doesn& #39;t work the way the literature and science reporters propose.
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A">https://papers.ssrn.com/sol3/pape... paper well worth reading! It shows automation doesn& #39;t work the way the literature and science reporters propose.
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Excessive technological determinism is usually rooted not in understanding of technology, but an unstated models of society.
The overconfidence comes out of narrowly examining a technology (solar panels, rockets, machine learning) rather than revising view of society.
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The overconfidence comes out of narrowly examining a technology (solar panels, rockets, machine learning) rather than revising view of society.
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Even with this difficult futurism, there are choices a society can make.
It is important we focus on developing technologies that can push our society on a track of developing human capital rather than depleting it.
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It is important we focus on developing technologies that can push our society on a track of developing human capital rather than depleting it.
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