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Concentration of Wealth == Existential Risk
"In this possible terminal phase of human existence Democracy and Freedom are more than 'values to be treasured' - they may well be essential to survival." - Noam Chomsky.
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AI, Robotics, and the Future of Jobs

AI, Robotics, and the Future of Jobs | Concentration of Wealth == Existential Risk | Scoop.it
Experts envision automation and intelligent digital agents permeating vast areas of our work and personal lives by 2025, but they are divided on whether these advances will displace more jobs than they create.
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Rise of the Machines: Downfall of the Economy?

Rise of the Machines: Downfall of the Economy? | Concentration of Wealth == Existential Risk | Scoop.it
Last Friday night, I attended the Bloomberg BusinessWeek 85th Anniversary Dinner. The party was held at the American Museum of Natural History, where Seth Meyers,…
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Your Lawyer May Soon Be an Algorithm | Motherboard

Your Lawyer May Soon Be an Algorithm | Motherboard | Concentration of Wealth == Existential Risk | Scoop.it
Algorithms can already do menial law tasks as well as a junior lawyer.
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Robot Economy Could Cause Up To 75 Percent Unemployment

Robot Economy Could Cause Up To 75 Percent Unemployment | Concentration of Wealth == Existential Risk | Scoop.it
"The vast majority of people do routine work." ;
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Brace yourselves, Singularity is inevitable: Andrew McAfee

Brace yourselves, Singularity is inevitable: Andrew McAfee | Concentration of Wealth == Existential Risk | Scoop.it
It’s not too hard to see a world where humans struggle to stay relevant as machines far outpace their intelligence and capabilities. This is what Andrew McAfee, research scientist at Massachusetts Institute of Technology and author of 'The Second Machine Age', discussed at the Gartner Symposium on the Gold Coast.
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Does technological innovation increase unemployment? - Forum:Blog

Does technological innovation increase unemployment? - Forum:Blog | Concentration of Wealth == Existential Risk | Scoop.it
A new paper by Joseph Stiglitz says technological innovation is likely to lead to higher unemployment and lower wages, writes Tomas Hirst.
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Nicholas Carr’s ‘Glass Cage': Automation Will Hurt Society in Long Run | Mediashift | PBS

Nicholas Carr’s ‘Glass Cage': Automation Will Hurt Society in Long Run | Mediashift | PBS | Concentration of Wealth == Existential Risk | Scoop.it
Writer Nicholas Carr has earned his reputation as one of the premier contemporary critics of technological utopianism through articles such as Is Google Making Us Stupid? which he published in The Atlantic in 2008 and lucid, insightful books including the 2011 Pulitzer Prize finalist
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Robot Brains Catch Humans in 25 Years, Then Speed Right On By

Robot Brains Catch Humans in 25 Years, Then Speed Right On By | Concentration of Wealth == Existential Risk | Scoop.it
The brightest minds devoted to this Artificial Intelligence are predicting the end of human intellectual supremacy by midcentury. That should be enough to give everyone pause. 
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50% of occupations today will no longer exist in 2025: Report

50% of occupations today will no longer exist in 2025: Report | Concentration of Wealth == Existential Risk | Scoop.it
A paradigm shift is expected to be witnessed in the way workplaces operate over the next 15 years, making nearly 50 per cent of occupations existing today redundant by 2025, a report has said.
Artificial intelligence will transform businesses and
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A.I. researchers say Elon Musk's fears 'not completely crazy'

A.I. researchers say Elon Musk's fears 'not completely crazy' | Concentration of Wealth == Existential Risk | Scoop.it
High-tech entrepreneur Elon Musk made headlines when he said artificial intelligence research is a danger to humanity, but researchers from some of the top U.S. universities say he's not so far off the mark.
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Google CEO: Computers Are Going To Take Our Jobs, And 'There's No Way Around That'

Google CEO: Computers Are Going To Take Our Jobs, And 'There's No Way Around That' | Concentration of Wealth == Existential Risk | Scoop.it
Google CEO thinks the evolution of artificial intelligence will completely change the job market.
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Technological Unemployment: Unemployable - YouTube

Back during the industrial revolution technology brought us many new jobs. But now as technology and automation are advancing, humans are being rendered obso...
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Will you still have a job in 2025? The alarming rate at which jobs are being disrupted | NewWorldOfWork.co.uk

Will you still have a job in 2025? The alarming rate at which jobs are being disrupted | NewWorldOfWork.co.uk | Concentration of Wealth == Existential Risk | Scoop.it

A recent MIT Technology Review reveals an alarming trend. Since the early 2000′s and increasingly since the financial crisis of 2008, the levels of employment have decreased even though productivity has increased over the same period.

 

Erik Brynjolfsson and Andrew Mcfee call this the “great decoupling” of productivity and employment. Historical trends show that as productivity increases so too does employment and the wealth of nations. Since WWII, increases in productivity have been tracked closely by increases in job creation. However, recent figures show that something new is happening as productivity continues to increase but employment flatlines.

 

The culprit McAfee and Brynjofsson argue is the impressive advances in computer technology that is changing everything not only in manufacturing, clerical and retail work but also in professional services such as law, education, medicine and financial services.

 

For anyone working in agriculture and manufacturing, that machines, software, automation and robots can replace people may seem obvious, but today we are seeing the emergence of a new trend: The information technologies that make our jobs safer, easier and boost productivity are now also reducing the demand for many types of knowledge workers.

 

Although not clear cut, there is a growing pool of evidence to suggest that advances in artificial intelligence, big data analytics, storage capacity and processing speeds mean that knowledge worker jobs previously believed to be safe from machine automation are being destroyed faster than they are being created.

 

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Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Peter C. Newton-Evans's curator insight, November 2, 11:14 AM

We must bear in mind that the the purpose for work is not only economic, in the traditional sense of generating material goods and wealth. The social impact of useful labor is humanly ennobling, while joblessness and boredom are degrading, alienating and dehumanizing.

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Russia's New Interbank System Threatens Global Economy

Russia's New Interbank System Threatens Global Economy | Concentration of Wealth == Existential Risk | Scoop.it
The international financial system is based on the U.S. dollar. The greenback is both the world’s “reserve currency” — the one everyone wants to hold when things go bad — and the principal means of...
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Oil drops $2 to five-year low on oversupply

Oil drops $2 to five-year low on oversupply | Concentration of Wealth == Existential Risk | Scoop.it
LONDON (Reuters) - Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.In
Khannea Suntzu's insight:
YES it is possible to magically transform money in to oil. Basicly they recycle excess taxpayer and stockbroker and banker dollars through an intricate process back in to combustibles. It works!
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Why Eel Drones Are the Future of Naval Warfare

Why Eel Drones Are the Future of Naval Warfare | Concentration of Wealth == Existential Risk | Scoop.it
Robots that mimic the movement of eels could be the future of amphipods assault. By Patrick Tucker
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The oppressed worker: Is automation and recession destroying us? | Factor

The oppressed worker: Is automation and recession destroying us? | Factor | Concentration of Wealth == Existential Risk | Scoop.it
An increased use of automation and the global recession has left many of us with a higher workload and lower pay, all while facing higher living costs. With
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Artificial Intelligence as a Threat

Artificial Intelligence as a Threat | Concentration of Wealth == Existential Risk | Scoop.it
Smarter technology requires smarter humans to keep machines under control.
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Bill Gates: Yes, robots really are about to take your jobs

Bill Gates: Yes, robots really are about to take your jobs | Concentration of Wealth == Existential Risk | Scoop.it
Microsoft cofounder Bill Gates isn’t going to sugarcoat things: The increasing power of automation technology is going to put a lot of people out of work. Business Insider reports that Gates gave a talk at the American Enterprise Institute think tank in Washington, DC this week and said that both governments and businesses need to start preparing for a future where lots of people will be put out of work by software and robots. “Software substitution, whether it’s for drivers or waiters or nurses… it’s progressing,” Gates said. “Technology over time will reduce demand for jobs, particularly at the lower end of skill set… 20 years from now, labor demand for lots of skill sets will be substantially lower. I don’t think
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Could a robot do your job?

Could a robot do your job? | Concentration of Wealth == Existential Risk | Scoop.it
By 2017, about 225,000 more maids, home health care workers, food service workers, retail salespeople and custodians are likely to be needed, making them among the fastest-growing jobs.
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Wealth inequality is 10 times worse than income inequality |

Wealth inequality is 10 times worse than income inequality | | Concentration of Wealth == Existential Risk | Scoop.it
A new study shows that the gap in the wealth that different American households have accumulated is more exreme than any at time since the Great Depression
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Inflation? Deflation Is New Risk

Inflation? Deflation Is New Risk | Concentration of Wealth == Existential Risk | Scoop.it
Some central banks, scarred from old battles with escalating prices, were slow to see their new, real problem.
Khannea Suntzu's insight:

For me, of extremely low income and no chance on a job, ever, deflation sounds like one GIANT party to me. 

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RSA Spotlight: Danny Dorling on Inequality and the 1% - YouTube

Introducing RSA Spotlights – taking you straight to the heart of the event, highlighting our favourite moments and key talking points. In this except from th...
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