Comments by "Paul Aiello" (@paul1979uk2000) on "" video.

  1. Considering that A.I. and robotics could have a massive impact on the job market, the old and tax burden might not be as big of an issue as we might think, after all, if A.I. and robotics takes over the majority of the workforce, having fewer people able to work might end up becoming an advantage, or to put it another way, we could end up in a system where it's not just the old we need to support but the young as well, being that most might not be able to find a job as A.I. and robotics ends up doing most of it. As for taxes, well that's based on workload, if A.I. and robotics ends up doing most of our work in society, there's going to be far less taxes needed to maintain the system, robotics only need energy, which could become abundance in the future thanks to alternate energy sources like renewables, the workforce becomes dirt cheap, more or less free and probably in a lot of ways, able to do the work better and faster than we can do it. With the advancement of A.I. and robotics and how it's speeding up, maybe a declining population for a few decades is a good thing, especially with how crazy it's gone over the last 50 years, but I do feel that we need some balance replacement rate when it comes to birth rates, this is also the case for modern economies like the EU and US, that without immigration and the natural births they have, which tend to be higher than the natives, population decline would be happening in these countries as well. It would become ironic that there's worry about the burden on the younger generation and not being enough of them to support the older generation, only to find out that in the decades to come, there's not enough jobs to go around to support the younger generation that having more of them actually becomes a bigger burden. Before all this craze with A.I. I was thinking we were around 50 years off before we get to the point of A.I. and robotics replacing most job, but now that it's becoming more accessible by the masses, which means the pace of the development in that area is likely going to skyrocket, as we are seeing early signs off over the last year, we could be getting to that situation far sooner than expected, which is going to be a massive upheaval of the entire system, for all countries, that I don't think the population, replacement rate, young and old is going to matter that much, but what could matter is how the system changes to the new reality that's on its way, which sad to say, systems change quite slowly to the point of braking, that I think in a lot of countries, things could get worse before they get better, and honestly, I think we are going to need some form of basic human income for all, as I don't think there's going to be enough jobs to go around, even if we try to create new jobs, A.I. and robotics will likely be able to do them cheaper, better and faster than we can do. On the plus side, that frees us up to work on things we really want to do without having to worry about the basic things like bills and food, so the demographics in the future might not be as big as a deal as we think if A.I. and robotics takes over the majority of the workforce, which is looking very likely, the real issue might not be the population or the age of the population, but more about what the population does in life, being that work as been a very central focus points for humans for a long time.
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