Second, if robots are labour, and owners of capital own robots, then owners of capital also own labour. Thus, owners of capital are likely to have near total ownership of production in a future of Deep Learning AI. The implication of this is an even wider chasm in both income and wealth inequality between owners of capital and owners of labour. I do not and so, against this backdrop, I would put forward that there are three things — which require immense political will — that we could do to structurally mitigate the consequences of deeper future inequality on society. Inequality is just an outcome of a deeper cause and any discussion of inequality needs to be paired with discussions of justice and fairness.

Source: The Edge Markets July 05, 2017 03:22 UTC