A World Without Work - Daniel Susskind Says It's a Real Possibility

Is a world without work a reality we need to prepare for? In my last episode, I discussed whether the fear of machines taking over jobs was truly misplaced anxiety, as experts say. Experts believe that there’s no cause for alarm, but not everyone agrees.Some believe that a future where human workers become obsolete is a real possibility we need to prepare for.In this episode of Short and Sweet AI, I delve into the theory that our future will be a world without work. I discuss Daniel Susskind’s fascinating book, ‘A World Without Work,’ which explores the topic of technological unemployment in great detail.In this episode, find out:What Daniel Susskind believes about the future of workHow machines can replicate even cognitive skillsTheories on how society could adapt to a world without workHow we could live a meaningful life without workImportant Links & MentionsA World Without WorkThe Future of Work: Misplaced Anxiety?How to Train Your Emotion AIResourcesOxford Martin School: "A world without work: technology, automation and how we should respond" with Daniel SusskindTED: 3 myths about the future of work (and why they're not true) | Daniel SusskindThe New York Times: Soon a Robot Will Be Writing This HeadlineEpisode Transcript:Hello to you who are curious about AI. I’m Dr. Peper and today I’m talking about a world without work.In my last episode, I talked about the future of work. Economists, futurists, and AI thinkers generally agree that technological unemployment is not a real threat. Our anxiety about machines taking our jobs is misplaced. There have been three centuries of technological advances and each time, technology has created more jobs than it destroyed. So, no need for alarm.  But Daniel Susskind, an Oxford economist and advisor to the British government, thinks this time, with artificial intelligence, the threat really is very real. He wants us to start discussing the future of work because as he sees it, the future of work is A World Without Work, which is the title of his recent book. He explains why what’s been called a slow-motion crisis of losing jobs to machines and automation, needs to be discussed now because it really isn’t slow-motion anymore. Despite increased productivity and GDP from artificial intelligence, Susskind presents evidence technological unemployment is coming. As he says, we don’t need to solve the mysteries of how the brain and mind operate to build machines that can outperform human beings. Machines have been taking over jobs requiring manual abilities for decades. It’s happening now. Although the American manufacturing economy has grown over the past few decades, it hasn’t created more work. Manufacturing produces 70 percent more output than it did in 1986 but requires 30 percent fewer workers to produce it.  More importantly, machines are...