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03.12.2014

How to stop robots from taking your job

Rather than protect jobs or increase the minimum wage, we should consider improving our antiquated education system, says Ryan Feit, CEO of SeedInvest.

The robots are coming and they want your job. Savioke recently developed a three-foot tall SaviOne robot that replaces the human delivery of snacks and amenities to your hotel room. The robotic butler can navigate your room, make deliveries and even ride the elevator — all without sleeping or going to the bathroom. In addition, robots don’t quit their jobs, whereas the hotel industry, according to the American Hotel & Lodging Association, experiences staff turnover of around 50% in non-management staff.

Moving beyond the hotel industry, Momentum Machines invented a burger-flipping robot that can produce a burger every 10 seconds. This robot replaces three full-time kitchen staff and takes up far less space, potentially able to reduce costs. Momentum Machines Co-Founder Alexandros Vardakostas recently said in an interview at Lemnos Labs that his robot “isn’t meant to make employees more efficient. It’s meant to completely obviate them.”

Both Savioke and Momentum Machines are early signs of the upcoming Technology Revolution. Spawned by advances in robotics, big data, cloud computing and mobile, the revolution could replace millions of jobs. If you recall, the Industrial Revolution was no different than what we will likely see in the future. In 1820, the UK employed approximately 240,000 cotton hand weavers. Within 40 years, 99% of those jobs vanished as a result of the mechanical loom.

About half, 47%, of today’s jobs could be automated away over the next 20 years, according to a recent study by Oxford University. Following the Industrial Revolution during the early 1800s, new inventions created more than enough new work to replace the jobs that were dislocated. But given the ability of today’s technology startups to reach massive scale with minimal headcount, things very well might be different this time around. In 2012, Instagram reached 30 million users and was acquired by Facebook  FB 0.48% for $1 billion — all with just 13 employees. By contrast, Kodak filed for bankruptcy in 2012 and employed 145,000 people during its peak.

Indeed, disruption is coming. So what should we do about it?

If history is any indication, some will push for protectionism, shielding certain jobs in order to preserve employment levels in the short-term. Over the next decade, 233,000 taxi drivers and 1.7 million truck drivers in the U.S. could be at risk of having their jobs automated away by driverless vehicles. Given that many cities have already attempted to block the expansion of Uber, we could experience similar tensions when driverless cars arrive. However, in the long-term, attempting to block innovation is short-sighted and makes countries less competitive relative to others who are willing to accept new, more efficient technologies.

Over the next two decades, the most pain will be felt by lesser-skilled workers most likely to lose their jobs to automation. As a result, the gap between the “haves and the have-nots” will widen. This could potentially create tension and fuel lobbying to increase the minimum wage. But like protectionism, raising the minimum wage could ultimately be counter-productive. Increasing minimum wage for hotel or fast-food employees, for example, could actually make companies more interested in automating away those positions if it actually saves companies more money.

Instead of protecting jobs or increasing the minimum wage, we should seriously consider improving America’s antiquated education system. Education is what saved the nation during the 19th century and it could be critical this time as well.

According to MIT Economist David Autor, “By the late 19th century … many Americans recognized that farm employment was declining, industry was rising and their children would need additional education to earn a living.” The World Bank notes that between 1900 and 1940, the percentage of 14- to 17-year-olds enrolled in high school in the U.S. increased from 10% to 75%. As a result, millions of workers left farms and were able to obtain higher-paying jobs as the economy matured.

But this time, we don’t need more schools, we need different schools. Schools will need to place a greater focus on skills that will enable the next generation to benefit from the upcoming technological wave instead of merely getting swept aside. In particular, robots are still horrible communicators and problem solvers. So schools should evolve to emphasize critical thinking and social skills. It is also highly unlikely that during the next couple decades robots will learn how to design and manage themselves, so schools should stress creativity and management skills.

In addition to focusing on different skill sets, schools will need to teach students how to work with machines and other emerging technologies. Today, those who have conquered computers have given themselves a much greater chance of succeeding. Tomorrow, the same will be true as it pertains to robots and big data. In a recent paper, Autor observed that people often “overstate the extent of machine substitution for human labor and ignore the strong complementarities.” In 20 years, our success will not necessarily be driven by our quantitative skills or our work effort, but by how well we collaborate with robots.

Two years ago, a relative of mine was diagnosed with prostate cancer. Ironically, he is a talented urologist who has performed over 3,000 prostate cancer surgeries, but couldn’t operate on himself. When it came to choosing a doctor, he selected a surgeon who was arguably the best in the world at operating with the da Vinci Surgical System, a robotic surgical system. His physician’s skills were still as important as ever but the robot enabled his doctor to translate his hand movements into smaller, more precise incisions. Although the Technology Revolution will come with its share of challenges, like the Industrial Revolution, it will ultimately enable us to do our jobs better than before and solve problems that we can’t even fathom solving today.

Ryan Feit is CEO and co-founder of SeedInvest, a New York City-based equity crowdfunding platform that connects investors with startups.

Source: http://fortune.com/2014/12/01/how-to-stop-robots-from-taking-your-job/




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Founded by Russian entrepreneur Dmitry Itskov in February 2011 with the participation of leading Russian specialists in the field of neural interfaces, robotics, artificial organs and systems.

The main goals of the 2045 Initiative: the creation and realization of a new strategy for the development of humanity which meets global civilization challenges; the creation of optimale conditions promoting the spiritual enlightenment of humanity; and the realization of a new futuristic reality based on 5 principles: high spirituality, high culture, high ethics, high science and high technologies. 

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A large-scale transformation of humanity, comparable to some of the major spiritual and sci-tech revolutions in history, will require a new strategy. We believe this to be necessary to overcome existing crises, which threaten our planetary habitat and the continued existence of humanity as a species. With the 2045 Initiative, we hope to realize a new strategy for humanity's development, and in so doing, create a more productive, fulfilling, and satisfying future.

The "2045" team is working towards creating an international research center where leading scientists will be engaged in research and development in the fields of anthropomorphic robotics, living systems modeling and brain and consciousness modeling with the goal of transferring one’s individual consciousness to an artificial carrier and achieving cybernetic immortality.

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The emergence and widespread use of affordable android "avatars" controlled by a "brain-computer" interface. Coupled with related technologies “avatars’ will give people a number of new features: ability to work in dangerous environments, perform rescue operations, travel in extreme situations etc.
Avatar components will be used in medicine for the rehabilitation of fully or partially disabled patients giving them prosthetic limbs or recover lost senses.

2020-2025

Creation of an autonomous life-support system for the human brain linked to a robot, ‘avatar’, will save people whose body is completely worn out or irreversibly damaged. Any patient with an intact brain will be able to return to a fully functioning  bodily life. Such technologies will  greatly enlarge  the possibility of hybrid bio-electronic devices, thus creating a new IT revolution and will make  all  kinds of superimpositions of electronic and biological systems possible.

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This is the time when substance-independent minds will receive new bodies with capacities far exceeding those of ordinary humans. A new era for humanity will arrive!  Changes will occur in all spheres of human activity – energy generation, transportation, politics, medicine, psychology, sciences, and so on.

Today it is hard to imagine a future when bodies consisting of nanorobots  will become affordable  and capable of taking any form. It is also hard to imagine body holograms featuring controlled matter. One thing is clear however:  humanity, for the first time in its history, will make a fully managed evolutionary transition and eventually become a new species. Moreover,  prerequisites for a large-scale  expansion into outer space will be created as well.

 

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