If a car drives itself is it humanly possible to replace human labor with AI systems that can perform the same task as humans? Is there any place for humans in the world? Can Artificial Intelligence save people?
I believe there is no such thing as “job security” in the context of the future economy, not even for an income producing occupation. Human jobs are hard to find and will get harder to find, as automation, robotics technology to drive down wages and benefits for middle class workers. Workers in low paying, low skill work will be the most vulnerable and most susceptible to being replaced by machines and AI, at least for the foreseeable future.
What will happen to human labor in the new economy, is a question asked by many economists, as they study the concept of total automation of a given task. In particular, I see three possibilities:
People will stay on the job longer and get more money. People will be able to produce more with less effort. If the first possibility is happening, automation will continue to save people from themselves. If the second possibility is happening, everyone will be unemployed and the concept of “job security” is a myth.
The very real concept of job security is, well, illusion. It was a myth created by politicians to keep workers in line and under control. If something is non-material, it cannot create jobs and if something is non-quantifiable, it cannot reduce wages or benefits for workers. This brings up the third possibility:
People will not be able to produce more than what humans can produce. The concept of labor value was developed by economists to measure the value that a worker creates for his or her employer. The more effort a worker puts into a product, the more labor value that product will have.
Labor value is still valid in the future. In general, the more labor it takes to produce a good or service, the higher the labor value. This is true for every product and service produced. A good example is the cost of raw materials, raw ingredients, electricity components, transportation, labor and overhead.
A lot of money is spent each year by workers and companies on labor. A lot of the money spent is tax money. The government distributes tax dollars based on population, education and whether or not one is a citizen. It also distributes tax dollars based on the number of hours worked, age, sex and other factors.
There is no way for workers to increase their labor value and maintain the required amount of work, as long as the market for labor is filled with people who do not produce more, than what they are paid. The only option for workers is to become self-employed and take out loans to buy and produce things that are not labor intensive, but which are far more productive than a worker producing stuff for someone else.
Technology does not eliminate people and it is not going to replace them. Human labor is not about to be replaced, at least not by technology. While technology may eventually replace jobs in some cases, technology is not going to eliminate human labor, and when something is not quantifiable, there is no place for a concept of “job security.”
If the concept of “job security” exists in the future, it is because human labor is not quite there yet. It is time for workers to redefine the notion of “job security,” in order to prepare for a future where we no longer need to perform labor tasks in order to survive.