AI & employment: The problem is brittleness

#artificialintelligence 

AI is not really a significant discontinuity, but rather an acceleration of a process that's been going on for thousands of years. AI will lead to more rapid change in the workplace, but whether that leads to joblessness depends more on inequality / wealth distribution than AI. Therefore employment depends on financial governance / redistribution, which can be tricky because AI/ICT facilitate transnational wealth extraction, including trillions of micro barters for information that are not denominated and therefore are hard to tax. Here is a great example of automation not causing joblessness: there are fewer tellers per bank branch due to AI/ATMs, but there are more tellers altogether because there are now more bank branches since they are more profitable. But their jobs are more people oriented, less counting oriented.

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