Why AI Won't Steal Your Jobs
What you need to know (in a nutshell)
Industries like consumer electronics and toys that are not heavily regulated, and allow for technological innovation to improve quality and reduce prices.
Industries like healthcare and housing that are heavily regulated and tend to have monopolistic structures, result in higher prices due to restricted supply caused by regulation.
While AI will have a profound positive effect on society, most jobs in the future will be in regulated sectors that are safe from AI, and therefore, Universal Basic Income already exists for those working in those sectors, which consumers pay for through higher prices
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Alan Kay famously stated that "Some people worry that AI will make us feel inferior, but then again anybody in his right mind should have an inferiority complex every time he looks at a flower". But what does this mean for the everyday consumer? In many sectors such as media and toys, technological innovation has pushed prices down to more affordable levels - explaining why your TV today is so much better value than it was ten years ago. Unfortunately however, when government subsidies and regulations become involved (as with health care and education), price lines do not drop due to industry structures of monopolization which are enabled by these governing bodies. This creates increased costs for consumers who wish to access services within these areas.
AI technology could potentially bring about vast improvements across society; yet its impact on our daily lives is likely less direct than one may expect since most jobs would remain unaffected unless major governmental reforms were implemented firstly before any advancement could be realized from AI capabilities alone. It's clear therefore how frustrating it can be feeling helpless against those beholden forces responsible causing inflated pricing or preventing desired change – all while they continue receiving financial support under the guise of 'consumer protection' initiatives sponsored by regulatory commissions or other officials within executive branches of state departments . Ultimately we must ask ourselves whether tolerating this reality serves anyone else besides entrenched interests seeking further growth opportunities through market consolidation strategies?