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Don't fear AI
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Over the last decade, Europe and most advanced economies experienced a decline in productivity, leading to political unrest and rising uncertainty about the future.
A new production revolution, enabled in part by artificial intelligence (AI), is now emerging, bringing a new wave of technologies, but there are widespread fears that these changes also will bring a big rise in unemployment as machines replace human beings in big numbers.
History tells us that we should not be afraid of industrial change. AI will take over some tasks, but this will not happen all of a sudden and there will be plenty of work left for humans. Restricting or slowing down new technology will not help the world economy. Instead, nations need to help people adjust to more technically advanced jobs, while education should focus more on "21st century skills" such as teamwork and critical thinking. These are our next real challenges.
This is the second essay in the Big Ideas series created by the European Investment Bank.
A new production revolution, enabled in part by artificial intelligence (AI), is now emerging, bringing a new wave of technologies, but there are widespread fears that these changes also will bring a big rise in unemployment as machines replace human beings in big numbers.
History tells us that we should not be afraid of industrial change. AI will take over some tasks, but this will not happen all of a sudden and there will be plenty of work left for humans. Restricting or slowing down new technology will not help the world economy. Instead, nations need to help people adjust to more technically advanced jobs, while education should focus more on "21st century skills" such as teamwork and critical thinking. These are our next real challenges.
This is the second essay in the Big Ideas series created by the European Investment Bank.
Author
Robert Atkinson
Robert Atkinson, PhD, is a 2017 Nautilus Book Award winner for The Story of Our Time: From Duality to Interconnectedness to Oneness. He is professor emeritus at the University of Southern Maine, director of Story Commons, and founder of the Piscataqua Peace Forum, as well as an internationally recognized authority on life-story interviewing, a pioneer in the techniques of personal myth-making and soul-making, and deeply committed to assisting the evolution of consciousness toward wholeness and unity.
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Book preview
Don't fear AI - Robert Atkinson
Big ideas
Don't fear AI
Creative destruction comes in waves
Six technologies for the next wave
The next production revolution
A slow pace of change?
Labor market turbulence
The big challenge
New skills required
Flexicurity, a guiding principle?
Biography
Notes
About the European Investment Bank
The European Investment Bank is the world’s biggest multilateral lender. The only bank owned by and representing the interests of the EU countries, the EIB finances Europe’s economic growth. Over six decades the Bank has backed start-ups like Skype and massive schemes like the Øresund Bridge linking Sweden and Denmark. Headquartered in Luxembourg, the EIB Group includes the European Investment Fund, a specialist financer of small and medium-sized enterprises.
DON’T FEAR AI
Robert Atkinson
The findings, interpretations and conclusions are those of the authors and do not necessarily reflect the views of the European Investment Bank.
BIG IDEAS
Over the last decade, Europe and most advanced economies have experienced a decline in productivity, leading to political unrest and rising uncertainty about the future.
A new production revolution, enabled in part by artificial intelligence (AI), is now emerging, bringing a new wave of technologies, but there are widespread fears that these changes will also bring a big rise in unemployment as machines replace human beings in large numbers.
History tells us that we should not be afraid of industrial change. AI will take over some tasks, but this will not happen all of a sudden and there will be plenty of work left for humans. Restricting or slowing down new technology will not help the world economy. Instead, nations need to help people adjust to more technically advanced jobs, while education should focus more on 21st century skills
such
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