Over the 20th century, the development of automated machinery has propelled modern industry and manufacturing into new heights of productivity. However, the cost of this technological advancement has been the displacement of millions of blue collar jobs across the world. In contrast, white-collar labour has always been regarded as safe from the kind of automation that contracted the manufacturing workforce. The thought of machines replacing educated and skilled professionals had usually seemed a distant problem of the future - until now. In the past few years, advancement in artificial intelligence has skyrocketed and computers are now learning to solve complex problems better and faster than human beings. As learnings algorithms and computing power continue to become more powerful, many jobs that were once thought to be impossible to automate are slowly but surely shifting towards a silicon workforce.

Andrew Ng lecture:


References: https://www.stlouisfed.org/on-the-eco...

Artificial Intelligence, often called simply AI, is one of today’s most important technological trends. It is a rapidly-evolving domain with the potential to disrupt virtually all economic sectors. But while the attention is usually focused on its impact on business, AI can also have a major impact on society and politics, both at the domestic and at the international level. Subscribe to KJ Vids for more geopolitical videos: https://www.youtube.com/kjvidsofficial