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by
Kai-Fu Lee
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November 4 - December 23, 2020
quibbles
the steam engine, electricity, and information and communication technology (such as computers and the internet).
AI will add $15.7 trillion to the global economy by 2030. If
That’s because human-driven service jobs simply cannot achieve these exponential returns on investment.
The truth is, traditional VCs wouldn’t bother with these kinds of linear companies, but these companies will be a key pillar in building an AI economy that creates new jobs and fosters human connections.
The money behind the funds will likely come from governments looking to efficiently generate new jobs, as well as companies doing corporate social responsibility.
undergirds
I don’t want to live in a society divided into technological castes, where the AI elite live in a cloistered world of almost unimaginable wealth, relying on minimal handouts to keep the unemployed masses sedate in their place. I want to create a system that provides for all members of society, but one that also uses the wealth generated by AI to build a society that is more compassionate, loving, and ultimately human.
The stipend would be a decent government salary given to those who invest their time and energy in those activities that promote a kind, compassionate, and creative society.
care work, community service, and education.
Care work could include parenting of young children, attending to an aging parent, assisting a friend or family member dealing with illness, or helping someone with mental or physical disabilities live life to the fullest.
This category would create a veritable army of people—loved ones, friends, or even strangers—who could assist those in need, offering them what my entrepreneur friend’s touchscreen device for the elderly never could: human warmth.
Finally, education could range from professional training for the jobs of the AI age to taking classes that could transform a hobby into a career. Some recipients of the stipend will use that financial freedom to pursue a degree in machine learning and use it to find a high-paying job. Others will use that same freedom to take acting classes or study digital marketing. Bear in mind that requiring participation
But by requiring some social contribution in order to receive the stipend, we would foster a far different ideology than the laissez-faire individualism of a UBI. Providing a stipend in exchange for participation in prosocial activities reinforces a clear message: It took efforts from people all across society to help us reach this point of economic abundance. We are now collectively using that abundance to recommit ourselves to one
We could start by greatly increasing government support for new parents so that they have the choice to remain at home or send their child to full-time daycare. For parents who choose to home-school their kids, the government could offer subsidies equivalent to a teacher’s pay for those who attain certain certifications.
start option to deal with the hard problem faced by huge amountof money need fro carry on the program: funding homeschoolers parents
I hope that it will further empower us to live in a way that honors our humanity and empowers us to do what no machine can: share our love with those around
We looked at technical fixes that seek to smooth the transition to an AI economy: retraining workers, reducing work hours, and redistributing income through a UBI.
and the government filling the gaps with a social investment stipend that rewards care, service, and education.
I have spent much of my adult life obsessively working to optimize my impact, to turn my brain into a finely tuned algorithm for maximizing my own influence.