The Rise of Automation and its Relationship to Technical Unemployment
The arrival of practical artificial intelligence through machine learning is here.
Increasingly, a number of recent technological advances in engineering and computer science have allowed for breakthroughs in the complexity of tasks automated workers and programs can handle, as well as a decrease in their pricing.
Technical unemployment refers to this trend of job loss as a direct result of technological breakthroughs that increase the efficiency of the average worker many times. One glaring example of these advances manifests in Tesla’s self-driving technologies that has already seen implementations in its more recent electric car models.
Tesla’s self-driving technology, coupled with additional refinements and advancements from its competitors will eventually create a more robust self-driving software capable of threatening taxi markets or even markets of more popular startups such as Uber or Lyft, assuming that they do not already have plans to account for such technologies.
As a metaphor, if people were digging tunnels with spoons before and an industrial tool was invented, the…
