The Bunker – News without the nonsense Factory Reset – How AI is driving the new industrial revolution
Sep 28, 2023
Dr. Jostein Hauge, author of The Future of the Factory: How Megatrends are Changing Industrialization, joins Dr. Kate Devlin to discuss the pros and cons of AI in global manufacturing, the link between economic growth and ecological breakdown, and the need for alternatives to international organizations and trade agreements.
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Industrialisation Drives Growth
- Industrialisation since the 18th century has driven unprecedented economic growth and productivity.
- Development and productivity have become almost synonymous with industrialisation under capitalism.
Services Fuel Manufacturing Profits
- Profits for top manufacturing firms increasingly come from non-manufacturing services like design and R&D.
- Manufacturing activities such as industrial design remain core to production and economic prosperity.
Automation Restructures Jobs
- Automation and AI will restructure labor but likely won't cause massive unemployment.
- New jobs often arise from productivity growth driven by technological enhancements like automation.