Post Labor Economics: What Might Happen
This is a topic that is getting a bit more attention as we see AI and robotic advancement.
In this video I discuss what this concept is and how things might evolve. We go into what jobs could be at risk first and what might end up protected. Also, I delve into the mindset barrier that is likely to persist for a while.
▶️ 3Speak
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I think this is a good idea. Discussing these things while still a bit early is good, so we can be prepared for when it affects even more people. Generative and factory work seem to be the closest ones to be replaced by AI and Robots respectively. I am thinking it can slowly creep into the medical industry slowly. Carrying patients, helping in therapy, and help in triaging patients.
This is just a step you are pushing for. Let's take it seriously and try to find solutions before it's too late
People in my country are forced to take education in the form of "Data Science" more and more because of the extreme rise of AI and automation especially since 2023.
Summary:
In this video, the host discusses the concept of "post-labor economics" - the idea that computers, AI, and automation will replace most human jobs in the coming decades. The host argues that this is not only inevitable, but potentially a positive development, as machines can perform tasks faster, more consistently, and with less cost than humans.
The host breaks down the potential impact of this shift into three categories:
Unregulated jobs that will be quickly replaced by AI and automation, such as content creation roles in the entertainment industry.
Regulated jobs like doctors, teachers, and truck drivers that will be more slowly disrupted, as changes to these fields require regulatory approval.
Jobs that society may prefer to keep in human hands, at least for the foreseeable future, such as leadership roles or jobs involving human care and nurturing.
The host emphasizes that the biggest challenge will be a psychological one - getting people to separate their sense of self-worth from their jobs, as the traditional "Protestant work ethic" will be difficult to overcome. The host argues that people derive value from their talents and abilities, not just their occupations.
Overall, the host suggests this transition to a post-labor economy will be a gradual but profound shift that will require major societal adjustments, both economically and psychologically. The host plans to explore the economic implications in a future video.