rtificial Intelligence, Jobs and the Future of Work: Racing with the Machines.

What is the proposed solution to mitigate future technological unemployment?

Taxing industries that make use of robotic labour

What is the term typically used to describe a computer program that can perform tasks associated with human intelligence?

Artificial Intelligence

What is the proposed source of funding for the Unconditional Universal Basic Income scheme?

Taxing 'smart' machines and fully automated firms

What is meant to ensure that humans remain relevant in the labor market, according to the proposal?

Retraining programs and a reorientation of the education system Signup and view all the answers

What does the proposal suggest as a means to counter the negative aspects of technological advancement for individuals?

Introduction of an Unconditional Universal Basic Income Signup and view all the answers

What is the primary focus of public discussions around unemployment, according to the paper?

Structural changes in the economy due to technological development Signup and view all the answers

What is the potential impact of AI on future employment based on current trends?

Significant displacement of labor is predicted Signup and view all the answers

Which area has AI already substituted human employment in?

Customer service and retail Signup and view all the answers

In what form is AI rapidly entering our daily lives?

Driverless cars and automated online assistants Signup and view all the answers

What is the potential consequence of unchecked technological displacement of labor?

Catastrophic societal unemployment levels Signup and view all the answers

Who is one of the authors of the article 'Artificial Intelligence, Jobs and the Future of Work: Racing with the Machines'?

Edvard P.G. Bruun Signup and view all the answers

Where is the first author affiliated with?

Princeton University Signup and view all the answers

What is the simplest way of thinking about risk, as mentioned in the text?

Risk is a product of probability and impact Signup and view all the answers

According to the text, what does R = P x I represent?

The relationship between risk, probability, and impact Signup and view all the answers

What is the main debate centered around regarding the Check and Checkmate scenarios?

Whether AI is just another general-purpose technology (GPT) Signup and view all the answers

Based on the information in the text, what distinguishes AI from previous general-purpose technologies (GPTs)?

Continuous improvement at a faster pace Signup and view all the answers

According to the text, why does AI present a unique challenge to the traditional relationship between output and employment?

It challenges the concept of increased output leading to increased employment Signup and view all the answers

Based on the text, what types of tasks are currently in the early stages of being automated with the help of AI technology?

Non-routine cognitive tasks across all industries Signup and view all the answers

What is the main challenge associated with linear thinking in the context of exponential growth?

It underpredicts the magnitude of change due to rapid acceleration. Signup and view all the answers

What was the Wise Man's reward for inventing the game of chess for the Emperor?

A grain of rice on each square of the chessboard, doubling each day until the 64th square. Signup and view all the answers

According to Ray Kurzweil, what happens after entering the 'second half of the chessboard' with respect to the development of computers and Information Technology?

Exponential growth yields explosive results that completely dwarf the past. Signup and view all the answers

What is the purpose of conducting a scenario planning exercise in the context of AI technologies?

To envision situations that may occur and prepare for an uncertain future. Signup and view all the answers

In which scenario does the AI revolution result in rapid job loss as a consequence of the economy's inability to adjust?

Checkmate Signup and view all the answers

What are linear thinkers' beliefs about the impact of artificial intelligence on employment?

AI will lead to job creation in new industries to match those lost in fully automated sectors. Signup and view all the answers

What is the main concern regarding the advancement of artificial intelligence and automation according to the text?

The potential decline in human employment due to the automation of various job sectors Signup and view all the answers

According to the text, which job sectors are imminently automatable?

Agriculture, cargo handling, and transportation Signup and view all the answers

What is the expected impact of AI on the level of human employment according to the text?

Severe, with a high percentage of jobs falling into the high-risk category for automation Signup and view all the answers

What is the proposed strategy in the following chapters according to the text?

To start a discussion on how to plan for a worst-case scenario in the age of AI Signup and view all the answers

What does the text imply about the displacement of a large percentage of the workforce due to AI and automation?

It poses a significant challenge for society to accommodate such displacement Signup and view all the answers

What does the text suggest about planning for the future impact of AI on human employment?

It is a prudent exercise to lead to more informed decision-making Signup and view all the answers

What is the Unconditional Universal Basic Income (UUBI)?

A periodic transfer of money to every individual in the society, irrespective of their position, job, or financial means Signup and view all the answers

What did Thomas Paine suggest in 1795 regarding income distribution?

A minimum guaranteed income paid to individuals at the age of twenty-one and fifty Signup and view all the answers

Who proposed the introduction of a negative income tax as a progressive income taxation system?

Milton Friedman Signup and view all the answers

What was the purpose of Milton Friedman's proposed negative income tax?

To award individuals with low income a supplemental government-sanctioned grant Signup and view all the answers

According to the text, what would a massive technological displacement of labor do to national budgets?

Stretch national budgets to the limit Signup and view all the answers

What is the main concern about the impact of widespread automation at the hands of artificial intelligence?

The distortionary impact on the stability of developed countries Signup and view all the answers

Who suggested the creation of a minimum guaranteed income and means of funding it via an extra tax on landowners?

Thomas Paine Signup and view all the answers

What does UUBI stand for?

Unconditional Universal Basic Income Signup and view all the answers

According to the text, how does economic opportunity reflect the balance of power in a society?

"Money begets you [political] power" Signup and view all the answers

What did mainstream economists consider in the twentieth century as genuine and effective economic tools to combat poverty and unemployment?

Universal basic income as genuine and effective economic tools Signup and view all the answers

What is the proposed solution to mitigate future technological unemployment?

Implementing a tax on robotic labor Signup and view all the answers

What is the Unconditional Universal Basic Income (UUBI)?

A periodic transfer of money from the government to every citizen in the society Signup and view all the answers

What does the proposal suggest as a means to counter the negative aspects of technological advancement for individuals?

Taxation of smart machines and fully automated firms Signup and view all the answers

What is the purpose of conducting a scenario planning exercise in the context of AI technologies?

To create a roadmap for implementing nationwide reforms Signup and view all the answers

What does the fable of the Wise Man and the chessboard analogy illustrate?

The exponential growth of rice grains on the chessboard and its relation to the development of computers and Information Technology Signup and view all the answers

According to the scenario analysis, what is the 'Checkmate' scenario in relation to AI and employment?

The AI revolution leads to social instability due to mass technological unemployment and an inability of the economy to adapt Signup and view all the answers

What do the linear thinkers believe about the impact of artificial intelligence on employment?

AI will lead to significant job creation in new industries, offsetting any job losses due to automation Signup and view all the answers

Why is scenario planning considered important according to the text?

To eliminate biases and blind-spots in recognizing and adapting to changing environments Signup and view all the answers

What is the potential impact of AI on future employment based on current trends?

Significant technological displacement of labor leading to catastrophic societal unemployment levels Signup and view all the answers

What does R = P x I represent according to the text?

Relationship between economic output and employment Signup and view all the answers

What is the proposed solution to mitigate future technological unemployment according to the text?

Introduction of Unconditional Universal Basic Income (UUBI) Signup and view all the answers

What distinguishes AI from previous general-purpose technologies (GPTs) according to the text?

Ability to substitute human employment in areas previously thought uncomputerizable Signup and view all the answers

What is the simplest way of thinking about risk, as mentioned in the text?

Risk is a product of probability and impact (R = P x I) Signup and view all the answers

What distinguishes AI from previous general-purpose technologies (GPTs), according to the text?

AI combines the speed and efficiency of a machine with the creativity and agency of a human Signup and view all the answers

What does R = P x I represent, as mentioned in the text?

Risk is a product of probability and impact Signup and view all the answers

What is the main debate centered around regarding the Check and Checkmate scenarios, as per the text?

Whether AI is just another general-purpose technology (GPT) Signup and view all the answers

What is the expected annual decrease in the price of robots, as mentioned in the text?

10% Signup and view all the answers

According to the text, which sector has already seen significant substitution of human employees with robots?

Manufacturing Signup and view all the answers

What is the potential impact of AI on future employment based on current trends, as described in the text?

Severe job loss Signup and view all the answers

What is the primary focus of public discussions around unemployment, according to the paper?

Concerns about income distribution Signup and view all the answers

What does the Unconditional Universal Basic Income (UUBI) entail?

It seeks to meet all the basic living needs of an individual through unconditional, periodic transfer of money. Signup and view all the answers

According to the text, who suggested the creation of a minimum guaranteed income and means of funding it via an extra tax on landowners?

Thomas Paine Signup and view all the answers

What did mainstream economists consider in the twentieth century as genuine and effective economic tools to combat poverty and unemployment?

Negative income tax Signup and view all the answers

What was proposed by Nobel laureate Milton Friedman as a progressive income taxation system?

Negative income tax Signup and view all the answers

What is the main feature of the Unconditional Universal Basic Income (UUBI) according to the text?

It involves an unconditional, periodic transfer of money to every individual in the society. Signup and view all the answers

rtificial Intelligence, Jobs and the Future of Work: Racing with the Machines.

Questions and Answers

What is the proposed solution to mitigate future technological unemployment?

What is the term typically used to describe a computer program that can perform tasks associated with human intelligence?

What is the proposed source of funding for the Unconditional Universal Basic Income scheme?

What is meant to ensure that humans remain relevant in the labor market, according to the proposal?

What does the proposal suggest as a means to counter the negative aspects of technological advancement for individuals?

What is the primary focus of public discussions around unemployment, according to the paper?

What is the potential impact of AI on future employment based on current trends?

Which area has AI already substituted human employment in?

In what form is AI rapidly entering our daily lives?

What is the potential consequence of unchecked technological displacement of labor?

Who is one of the authors of the article 'Artificial Intelligence, Jobs and the Future of Work: Racing with the Machines'?

Where is the first author affiliated with?

What is the simplest way of thinking about risk, as mentioned in the text?

According to the text, what does R = P x I represent?

What is the main debate centered around regarding the Check and Checkmate scenarios?

Based on the information in the text, what distinguishes AI from previous general-purpose technologies (GPTs)?

According to the text, why does AI present a unique challenge to the traditional relationship between output and employment?

Based on the text, what types of tasks are currently in the early stages of being automated with the help of AI technology?

What is the main challenge associated with linear thinking in the context of exponential growth?

What was the Wise Man's reward for inventing the game of chess for the Emperor?

According to Ray Kurzweil, what happens after entering the 'second half of the chessboard' with respect to the development of computers and Information Technology?

What is the purpose of conducting a scenario planning exercise in the context of AI technologies?

In which scenario does the AI revolution result in rapid job loss as a consequence of the economy's inability to adjust?

What are linear thinkers' beliefs about the impact of artificial intelligence on employment?

What is the main concern regarding the advancement of artificial intelligence and automation according to the text?

According to the text, which job sectors are imminently automatable?

What is the expected impact of AI on the level of human employment according to the text?

What is the proposed strategy in the following chapters according to the text?

What does the text imply about the displacement of a large percentage of the workforce due to AI and automation?

What does the text suggest about planning for the future impact of AI on human employment?

What is the Unconditional Universal Basic Income (UUBI)?

What did Thomas Paine suggest in 1795 regarding income distribution?

Who proposed the introduction of a negative income tax as a progressive income taxation system?

What was the purpose of Milton Friedman's proposed negative income tax?

According to the text, what would a massive technological displacement of labor do to national budgets?

What is the main concern about the impact of widespread automation at the hands of artificial intelligence?

Who suggested the creation of a minimum guaranteed income and means of funding it via an extra tax on landowners?

What does UUBI stand for?

According to the text, how does economic opportunity reflect the balance of power in a society?

What did mainstream economists consider in the twentieth century as genuine and effective economic tools to combat poverty and unemployment?

What is the proposed solution to mitigate future technological unemployment?

What is the Unconditional Universal Basic Income (UUBI)?

What does the proposal suggest as a means to counter the negative aspects of technological advancement for individuals?

What is the purpose of conducting a scenario planning exercise in the context of AI technologies?

What does the fable of the Wise Man and the chessboard analogy illustrate?

According to the scenario analysis, what is the 'Checkmate' scenario in relation to AI and employment?

What do the linear thinkers believe about the impact of artificial intelligence on employment?

Why is scenario planning considered important according to the text?

What is the potential impact of AI on future employment based on current trends?

What does R = P x I represent according to the text?

What is the proposed solution to mitigate future technological unemployment according to the text?

What distinguishes AI from previous general-purpose technologies (GPTs) according to the text?

What is the simplest way of thinking about risk, as mentioned in the text?

What distinguishes AI from previous general-purpose technologies (GPTs), according to the text?

What does R = P x I represent, as mentioned in the text?

What is the main debate centered around regarding the Check and Checkmate scenarios, as per the text?

What is the expected annual decrease in the price of robots, as mentioned in the text?

According to the text, which sector has already seen significant substitution of human employees with robots?

What is the potential impact of AI on future employment based on current trends, as described in the text?

What is the primary focus of public discussions around unemployment, according to the paper?

What does the Unconditional Universal Basic Income (UUBI) entail?

According to the text, who suggested the creation of a minimum guaranteed income and means of funding it via an extra tax on landowners?

What did mainstream economists consider in the twentieth century as genuine and effective economic tools to combat poverty and unemployment?

What was proposed by Nobel laureate Milton Friedman as a progressive income taxation system?

What is the main feature of the Unconditional Universal Basic Income (UUBI) according to the text?

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