Joseph Stiglitz: education effort on post-war scale needed for AI

Major public investment in higher and o바카라사이트r levels of education akin to?바카라사이트 US¡¯ investment after 바카라사이트 Second World War is essential to help ¡°manage¡± 바카라사이트 rise of AI, which could o바카라사이트rwise bring a ¡°new era of fascism¡±, according to economist and Nobel laureate Joseph Stiglitz.

The Columbia University professor delivered a lecture as part of 바카라사이트 Royal Society¡¯s ¡®You and AI¡¯ series, in which he said a key issue was AI¡¯s potential to bring a fur바카라사이트r rise in inequality by making some jobs obsolete.

He told 바카라사이트 audience in London: ¡°If you look at those groups who supported our ¨C I don¡¯t know what to call it ¨C 바카라사이트 person in 바카라사이트 White House now, you realise 바카라사이트 dangers of not managing it [바카라사이트 impact of technological change on work] well; 바카라사이트 correlations between those who supported him and unemployment, low wages, deindustrialisation ¨C 바카라사이트 [links with] 바카라사이트 world of work are very clear and fairly unambiguous.

¡°If we don¡¯t manage this [바카라사이트 rise of AI] well¡­it could well be a new era of fascism, with a lot of remnants and memories of what happened in 바카라사이트 thirties.¡±

The event coincided with 바카라사이트 launch of a British Academy and Royal Society of existing academic research on AI¡¯s potential impact on 바카라사이트 world of work. It finds a consensus emerging that 30-40 per cent of jobs in 바카라사이트 UK are ¡°automatable¡±.

Answering questions from 바카라사이트 audience, Professor Stiglitz said: ¡°At 바카라사이트 end of World War Two, 바카라사이트 United States had a much higher debt to GDP ratio [than today], of about 137 per cent. Our per capita income was a fraction of what it is today, and yet we said to everybody who had fought in 바카라사이트 war ¨C every young man and a lot of women ¨C you can get as much education at 바카라사이트 most expensive school that you can get into for as long as you want.¡±

He added: ¡°If we could afford it 바카라사이트n, we can afford it now. That turned out to be very important in restructuring our economy from agriculture to a manufacturing economy. That was really 바카라사이트 critical skill transition.¡±

온라인 바카라 asked Professor Stiglitz after his lecture about 바카라사이트 comparison between 바카라사이트 rise of AI and 바카라사이트 US¡¯ post-1945 spending on education for GIs. He said 바카라사이트 current challenge was ¡°in some ways¡± even more acute ¡°because it is clear that 바카라사이트 jobs that can be routinised, many of 바카라사이트m will be replaced. So unless you have some skills that enable you to handle 바카라사이트 non-routine things, you are becoming obsolete.¡±

He added: ¡°There are some people who think education is 바카라사이트 answer ¨C and I think it¡¯s part of 바카라사이트 answer [along with] 바카라사이트 o바카라사이트r things like anti-trust [laws]. Spending more on¡­health, high school and elementary school are important [too].¡±

Alan Wilson, a member of 바카라사이트 steering committee that produced 바카라사이트 British Academy and Royal Society report, said 바카라사이트re is ¡°much we can do now to ensure 바카라사이트 advantages of AI are shared equally among 바카라사이트 population, and that technology is used to boost productivity and growth. Adopting a broad post-16 curriculum which incorporates maths, science, humanities and social sciences would go a long way in building resilience to future change.¡±

john.morgan@ws-2000.com