In the advances of the ‘machine age’, demand for educated labor steadily mounted as resource in industrial production. With increase in manufacturing technology higher job requirements became all about youth education as access to a steady job.
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Education in the era of AI noo Footnote
Artificial intelligence (AI) has assumed an eminence in discussions on the future course of the economy and civil society into the 21st century. Embedded in ‘mechanical’ devices it is characterized as ‘smart’ equipment (e.g., IoT). The most widespread application in the autonomous production of automobiles (e.g., Tesla) or in medical devices1 as surgical assistants.
Aim of this RESOLUTION to the Ministry is to offer input to vision for Austria’s future socio-economic development and for an enlightened leadership in setting priorities for Austria’s Council Agenda.
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The advent era of autonomous productive technologies poses consequential public concerns. Their increasingly rapid deployment is manifests in a visible transition from conventional application of workforce resources, economic institutions, and civic norms. During a profound economic, social, and cultural transformation within the EU uncertain economic expansion and instability in the labor market are to be anticipated
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Broschüre_Economy-in-Transition Version March 2018
See video: Presentaion by Wolfgang Price starts at min 1:38
Wolfgang Price, Economist
Comment by Michael Peneder:
Wolfgang Price: Reply to Peneder Paper
To be considered is: Will in a further-evolving industrial period with its distinctly new forms of technology for productive processes and alternative means for employing knowledge-labor (viz., robot/AI workers) yet continue to yield—even for well-educated—ample selection of jobs, and periods of steady full employment2?
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These eight Declaration Statements express the Council’s alert to an in-process 21st Century labor market transformation within the Austrian and larger European Union industrial community that will steadily trim the means for earning wage (job) incomes.
The Council is concerned by recurring E.U. economic policy pronouncements that fail to credit duly the magnitude of effects on employment and worker incomes from Robot, AI and digital technologies (among others) that are transforming nature of industrial work, man’s relation to work, and the means for work and income within the economy.
read English version of whole declaration here
read German version here