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Wednesday, May 31, 2017

Artificial intelligence will destroy more jobs than it creates.

Many displaced workers won't be able to fit in this new industrial revolution and can no longer find jobs but our government is not forthcoming about this.  Training and re-training will no longer help those displaced workers to find jobs as humans cannot work 24/7 and are not as effective as AI machines.

MIT University research showed that every 1 robot added would displace 6 human workers.  AI machines will create 15m new jobs in USA but also destroy 25m jobs simultaneously.  The net effect will be a job loss of 10m which is tantamount to 10m displaced humans without jobs.  These 10m humans won't be able to work and will create a new social problem.

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