{"id":132798,"date":"2024-08-05T07:40:26","date_gmt":"2024-08-05T04:40:26","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/ai-could-lead-to-massive-job-losses-is-basic-income-a-possible-answer\/"},"modified":"2024-08-05T07:40:26","modified_gmt":"2024-08-05T04:40:26","slug":"ai-could-lead-to-massive-job-losses-is-basic-income-a-possible-answer","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/ai-could-lead-to-massive-job-losses-is-basic-income-a-possible-answer\/","title":{"rendered":"AI could lead to massive job losses. Is basic income a possible answer?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/132798\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Prominent figures working in AI are saying a basic income could be needed to weather massive job losses linked to the technology.Last week, the research arm of the world\u2019s most well-known artificial intelligence (AI) company released a large study on universal basic income. OpenResearch, a division of OpenAI, gave 3,000 random study participants either $1,000 (\u20ac920) or $50 (\u20ac46.16) per month for three years with no questions asked.<\/p>\n<p>The research found the majority directed that money towards their basic needs, like rent and food, and dedicated more of their time to caring for others. They even considered going back to school, finding more meaningful work or moving to other parts of the United States. \u201cCash is the only tool that provides the flexibility needed to address the diverse challenges people face over time,\u201d Karina Dotson, research &amp; insights manager at OpenResearch, told Euronews Next. \u201cAs the economy and labour market continue to evolve, the social safety net must also evolve,\u201d she said.<\/p>\n<p>Sam Altman, OpenAI\u2019s CEO, is one of a long list of Silicon Valley\u2019s big tech bosses advocating for a basic income to weather massive AI-driven job losses in the years to come. He has called it an \u201cobvious conclusion\u201d for his prediction that \u201ccomputers will replace effectively all manufacturing\u201d.<\/p>\n<p>Estimates for how many jobs AI could cut are inconclusive. A January analysis from the International Monetary Fund (IMF) found that almost 40 per cent of global employment is exposed to AI. That number goes up to 60 per cent in \u201cadvanced economies,\u201d where some of these jobs could possibly disappear. Forty-one per cent of executives in C-Suite positions are thinking about hiring fewer people due to AI, according to a recent study from Swiss staffing firm Adecco.<\/p>\n<p>However, research from the Massachusetts Institute of Technology (MIT) found that only 23 per cent of jobs in the United States could be replaced by AI in a way that would be cost-effective and that it would take \u201cdecades\u201d for some tasks, like computer vision, to perform the same tasks as humans. AI is too expensive to replace humans in jobs right now, MIT study finds.<\/p>\n<p>A scientific report from the AI Seoul Summit said meanwhile that any temporary job losses would be \u201cshort term\u201d and eventually offset by new ones in line with other waves of automation. Whether workers have the necessary skills to switch jobs or locations to match the new labour market will influence how quickly the market adjusts, the report continues. The job losses could lead to \u201ca difficult transition for some workers unless support is made available,\u201d according to the report.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/next\/2024\/08\/04\/ai-could-lead-to-massive-job-losses-is-basic-income-a-possible-answer\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/ai-could-lead-to-massive-job-losses-is-basic-income-a-possible-answer\/\">AI could lead to massive job losses. Is basic income a possible answer?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[3519,555,15552],"class_list":["post-132798","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai","tag-csr-news-en","tag-job-loss"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=132798"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/132798\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=132798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=132798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=132798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}