Tuesday, September 19, 2023

Bill Gates: People Don’t Realize What’s Coming

medium  |  Gates is now talking about artificial intelligence, and how it’s the most important innovation of our time. Are you ready for what’s coming?

Bill Gates doesn’t think so.

In fact, he’s sounding the alarm on a future that many of us don’t realize is just around the corner. He thinks AI is going to shake things up in a big way:

“Soon Job demand for lots of skill sets will be substantially lower. I don’t think people have that in their mental model.”

“In the past, labors went off and did other jobs, but now there will be a lot of angst about the fact that AI is targeting white-collar work.”

“The job disruption from AI will be massive, and we need to prepare for it”

Think you’re safe from the job-killing effects of AI?

Think again.

BIG CHANGES are coming to the job market that people and governments aren’t prepared for.

I’m not here to scare you, I am here to jolt you out of your comfort zone.

The job market is in for some serious shaking and baking, and unfortunately, it seems like nobody’s got the right recipe to handle it.

Open Your Eyes and You Will See
“If you are depressed you are living in the past.
If you are anxious, you are living in the future.
If you are at peace you are living in the present.”
― Lao Tzu

Imagine waking up one day and realizing that the job you’ve held for years is no longer needed by the company.

Not because you screwed up, but simply because your company found a better alternative (AI) and it is no more a job that only you can do.

You have been working at the same company for over a decade, and suddenly, you are told that your services are no longer needed.

Won’t you feel lost, confused, and worried about how you will support yourself and your family?

It’s a scary thought, but the truth is, it’s already happening in many industries.

We’ve already seen the merciless termination of thousands of employees at tech giants like Google, Microsoft, Amazon, and Meta, and that’s before AI even began flexing its muscles.

It’s only a matter of time before the job market starts feeling the full impact of this unstoppable force.
Sure, some of them may adapt, but where will you fit the rest of the workforce when the need for labor itself will decrease?

AI is inevitably going to reduce the demand for jobs, particularly those on the lower end of the skills spectrum.

Of course, companies will get the benefit of cost-cutting and spurring innovation.

But that’s likely to come at a cost — joblessness and economic inequality.

Our ever-changing world demands a moment of pause, a chance to contemplate what the future holds.

For it is in this stillness that we may gain a deep understanding of the challenges that lay ahead, and thus, prepare ourselves with the necessary tools to navigate them successfully.

The industrial revolution was fueled by the invention of machines. It enabled companies to increase productivity and reduce costs.

The whole education system was designed to serve the needs of the industrial revolution.

It trained people to become cogs in a machine. Perform repetitive tasks without questioning the status quo.

The focus was on efficiency and standardization, rather than creativity and individuality.

Companies relied on humans as a form of labor only because it was cheap (and reliable).

In the past, a single machine replaced the work of a hundred men, and all it needed was one operator.

The game we’ve been playing for years, well, it’s not the same anymore.

The future is here, and it’s not pretty.

In the coming age, one person will command an army of software agents.

They will build things at a breakneck speed, replacing tens or even hundreds of operators in the blink of an eye.

It’s a brave new world where the traditional constraints of human labor are no longer a limiting factor.
The repercussions of that will soon be felt in all sectors, and tech won’t be an exception.

The software industry, born from the industrial revolution, has undergone two productivity revolutions:
The creation of higher-level programming languages and the ascent of open source.

0 comments:

H.R. 6408 Terminating The Tax Exempt Status Of Organizations We Don't Like

nakedcapitalism  |   This measures is so far under the radar that so far, only Friedman and Matthew Petti at Reason seem to have noticed it...