State of Large-Scale Technological Underemployment
(Redirected from mass technological underemployment)
A State of Large-Scale Technological Underemployment is a societal state with mass underemployment (of underemployed workers) that is largely attributed to technological underemployment causes.
- Context:
- It can be preceded by:
- a shrinking Job Opening Rate.
- a shrinking Median Income and a Middle Class Hollowing-Out.
- a growing Corporate Cash Level.
- an increasing Capital-Labor Substitutability Ratio.
- a shrinking Labor's Share of National Income.
- It can be succeeded by a State of Large-Scale Technological Unemployment.
- It can range from being a State of Large-Scale Technological Underemployment in Rural Communities of Developed Countries (rural communities of developed countries), to being ...
- ...
- It can be preceded by:
- Example(s):
- as hypothesized in (Susskind, 2020).
- ...
- Counter-Example(s):
- See: Structural Unemployment, Capital-based Technological Change.
References
2017
- (Grace et al., 2017) ⇒ Katja Grace, John Salvatier, Allan Dafoe, Baobao Zhang, and Owain Evans. (2017). “When Will {AI} Exceed Human Performance? Evidence from {AI} Experts.” In: CoRR, abs/1705.08807.
- QUOTE: ... Researchers predict AI will outperform humans in many activities in the next ten years, such as translating languages (by 2024), writing high-school essays (by 2026), driving a truck (by 2027), working in retail (by 2031), writing a bestselling book (by 2049), and working as a surgeon (by 2053). Researchers believe there is a 50% chance of AI outperforming humans in all tasks in 45 years and of automating all human jobs in 120 years, with Asian respondents expecting these dates much sooner than North Americans. These results will inform discussion amongst researchers and policymakers about anticipating and managing trends in AI.
