Posts

AI will replace 80 percent of jobs, universal basic income needed

1 comments·0 reblogs
arraymedia
8
0 views
·
min-read

image.png

Vinod Khosla has just predicted that most jobs will be replaced by AI—whether you work on a farm or in sales.
Steven Ferdman—Getty Images

We will stop complaining about Mondays and work in general: according to Vinod Khosla, Silicon Valley billionaire and investor, AI technology will not only replace 80 percent of jobs, it will do so in nearly 80 percent of professions and industries, which is why a universal basic income, initialed UBI, is needed.

Khosla's prediction, reported by Fortune, matches similar statements and scenarios described by Elon Musk, Bill Gates and other historical names in technology. AI models are improving and learning at exponential speed and are predicted to surpass human experts in various fields and industries before long.

Like Musk and Gates, Khosla believes that as AI improves and is adopted in more and more fields, it will decrease the demand for human labor, which will become progressively less necessary and indispensable. This is likely to create millions of unemployed, increase economic inequality and as a result social tensions and conflicts.

Predictions about the advent of AI technology often contain a pessimistic and dystopian vision, with AI dominance and the downsizing of humans, but also more optimistic scenarios that border on utopia.

As with Suleyman, Gawadat and other AI fathers and experts, investor Khosla believes that it is up to humans to avoid the worst sides of AI technology and its applications. To this end, he proposes the introduction of a universal basic income, initialed UBI, to enable people to support themselves.

By avoiding the worst with top-down interventions, AI technology will also bring tremendous benefits and progress. For the former Sun Microsystems investor, as well as in OpenAI, AI technologies will be able to not only increase productivity, but also shorten the work week to three days, even enable better redistribution of wealth.

Finally just as Elon Musk also indicated several times, Khosla also believes that thanks to AI and robotics, repetitive, burdensome and dangerous jobs will be eliminated.

The debate about the heavenly or hellish potential of AI seems to have found common ground: the technology is here, the revolutionary applications are coming, but still missing is the bill and who will have to shoulder the supports or even the universal basic income. Recall that the UBI universal basic income is also a solution proposed by the Centers of European Policy Network CEP.