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6min chapter
AI in the economy
The Reith Lectures
Will the End of Work Be a Good Thing?
For almost every task there will be the equivalent of a team of house painting robots. It seems inevitable that we will need fundamentally new social economic arrangements. But economists mostly twiak the knobs on the current system. So much for the view that the end of work is a good thing. The second camp in our zoom workshop believed the opposite. Universal basic income represents merely an admission of failure. Most people will have nothing of economic value to contribute society. They can be fed and entertained, but otherwise left to their own devices. Striving and enjoying are not mutually exclusive. True enjoyment and lasting fulfilment come from having a purpose and achieving it.
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