Timothy Aeppel

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Whenever I read that new robots will “work alongside humans, not replace them,” I think two things:

  1. Some humans will be immediately replaced.
  2. The rest (or almost all of them) will eventually be replaced.

It’s great if we have AI that can do the drudgery for us, delivering products and waxing floors and stocking warehouse shelves, but unless this new machine age somehow creates a corresponding number of jobs to replace those lost, we’re headed for some difficult challenges. And, no, not even bartenders are safe.

From Timothy Aeppel at WSJ:

Robots aren’t about to elbow bartenders out of a job.

But versions of them could start showing up at your favorite watering holes. Indeed, some are already out there.

The Makr Shakr is the creation of an Italian company and consists of robotic arms that mix cocktails, and then place them on a conveyor belt to be carried across the bar to the waiting customer or a server. The first two installations are on Royal Caribbean cruise ships, where they’re the centerpieces of “Bionic Bars.”

The goal isn’t to do away with bartenders, who are still needed to tend the machines and, when necessary, deliver the drinks. Carlo Ratti, a professor at the Massachusetts Institute of Technology and cofounder of Makr Shakr, says the project began when he was asked to design a machine that would allow people to interact with robots in an unexpected setting. “It started as something to shock people in a tangible way,” he says, to show them “what the third industrial revolution is all about.”

Another example is the “Bartendro,” a box with hoses and flashing lights that can mix an array of drinks—but it too needs to be tended by a human, who among other things puts the glass into position under the pour spout and then delivers the drink to the customer.

Machines like these are designed to work alongside humans, not replace them.

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Despite some instances of revisionist history, Bill Gates knew early on exactly how disruptive the Internet would be, and now he feels the same about Weak AI. And he’s not alone. The question is how quickly technological unemployment will spread. Could more than 30% of all jobs vanish within a decade without new ones to replace them? Or will it be a slower fade to black for the remnants of the Industrial Age? From Timothy Aeppel at the WSJ:

Microsoft co-founder Bill Gates, speaking in Washington last year, said automation threatens all manner of workers, from drivers to waiters to nurses. “I don’t think people have that in their mental model,” he said.

Robot employment

Gartner Inc., the technology research firm, has predicted a third of all jobs will be lost to automation within a decade. And within two decades, economists at Oxford University forecast nearly half of the current jobs will be performed with machine technology. 

“When I was in grad school, you knew if you worried about technology, you were viewed as a dummy—because it always helps people,” MIT economist David Autor said. But rather than killing jobs indiscriminately, Mr. Autor’s research found automation commandeering such middle-class work as clerk and bookkeeper, while creating jobs at the high- and low-end of the market.

This is one reason the labor market has polarized and wages have stagnated over the past 15 years, Mr. Autor said. The concern among economists shouldn’t be machines soon replacing humans, he said: “The real problem I see with automation is that it’s contributed to growing inequality.”•

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As our society becomes more automated, we can be very productive and wealthy in the aggregate with many people being left behind. Having tens of millions of new Americans with healthcare may help drive jobs in the short run, but diagnostics, like many other areas of current employment, will soon be left to the machines

In the Wall Street Journal, Timothy Aeppel profiles economist frenemies Robert Gordon and Joel Mokyr, who see our financial future in starkly different ways. The opening:

“EVANSTON, Ill.— Robert Gordon, a curmudgeonly 73-year-old economist, believes our best days are over. After a century of life-changing innovations that spurred growth, he says, human progress is slowing to a crawl.

Joel Mokyr, a cheerful 67-year-old economist, imagines a coming age of new inventions, including gene therapies to prolong our life span and miracle seeds that can feed the world without fertilizers.

These big-name colleagues at Northwestern University represent opposite poles in the debate over the future of the 21st century economy: rapid innovation driven by robotic manufacturing, 3-D printing and cloud computing, versus years of job losses, stagnant wages and rising income inequality.

The divergent views are more than academic. For many Americans, the recession left behind the scars of lost jobs, lower wages and depressed home prices. The question is whether tough times are here for good. The answer depends on who you ask.

‘I think the rate of innovation is just getting faster and faster,’ Mr. Mokyr said over noodles and spicy chicken at a Thai restaurant near the campus where he and Mr. Gordon have taught for four decades.

‘What’s the evidence of that?’ snapped Mr. Gordon. ‘There isn’t any.’

The men get along fine when talk is limited to, say, faculty gossip. About the future, though, they bicker constantly. When Mr. Mokyr described life-prolonging medical advances, Mr. Gordon cut in: ‘Extending life without curing Alzheimer’s means people who can walk but can’t think.'”

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