White House issued a report about artificial intelligence: the higher the hourly wage, the smaller the impact

The local time on December 20, the White House has issued a follow-up report on artificial intelligence “Artificial Intelligence, Automation , And the Economy”, since two reports are published after October.
The report was prepared by the staff of the US Government Economic Advisory Committee, the National Policy Council, the National Economic Council, the Office of Management and Budget, and the Office of Science and Technology Policy.
The latest report argues that responding to the automation economy of artificial intelligence driven, is a major challenge for the government later. The next government should formulate policies to promote the development of artificial intelligence and release the creative potential of enterprises and workers, ensure the United State is the leadership of artificial intelligence.

” The rapid progress of artificial intelligence will make some of tasks that require manual labor to be automation,” said Kristin Lee, director of the White House’s External Relations Department and senior policy adviser. “These changes will bring new opportunities to people, economy and society , but it will also disintegrate the livelihoods of millions of Americans. The new report investigates the expected economic impact of automation of artificial intelligence-driven, and suggests the strategy that to bring artificial intelligence’s superiority into full play and to lower the cost.
To address the impact of artificial intelligence, the report propose three important recommendations to the policy makers .

 

In the latest third report, the White House described that the development of artificial intelligence brings improvements of productivity and automation. These advances can create more value for the society and bring changes. For example, some jobs will be replaced by machines, and workers will face re-employment problems.
The report concludes that policymakers need to be prepared for change, particularly in the following 5 ways:
1, artificial intelligence will have a positive impact on productivity growth;
2, demanded skill in job market is changed, the demand of higher level technical skills is increased;
3, The effect is different on any departments, salary levels, educational level, type of work regions;
4, due to the some jobs are replaced with new types of work, the labor market will be disrupted;
5, some workers will be short-term unemployed. Unemployment may be longer, depending on the policy response.
In the report, the artificial intelligence experts evaluate the relationship among the technical characteristics of artificial intelligence, the characteristics of existing occupations and the status of occupation. The study found that 47% of US jobs were at risk of being replaced by artificial intelligence and computerization during this period. Researchers at the Organization for Economic Co-operation and Development (OECD), however, emphasize that automation is about increasing efficiency rather than replacing jobs, it essentially forms new types of tasks. Many occupations may change in the future, as some of their related tasks will become automated, so the OECD analysis suggests that very few jobs will be fully automated and only 9% of job opportunity are estimated to completely disappear. If these forecasts come true, the livelihoods of millions of Americans will be affected, short- and medium-term economic development will be impacted.
Artificial intelligence will push some works to change, at the same time, will also create some new work. The report points out that there are four categories of work may be directly driven by artificial intelligence in the future. There are human cooperate with existing artificial intelligence technology, the development of new artificial intelligence technology, actual supervision of artificial intelligence technology, promotion social change along with artificial intelligence technology. The job opportunity of these areas will be increased.
Based on these changes, the report also gives policy makers three important recommendations:
1. To invest and develop for the many advantages of artificial intelligence;
2. To Educate people about future types of work;
3. To help workers during the transition period, and to ensure workers have the right from broad-based shared economic growth.
Since the birth of artificial intelligence, the theory and technology increasingly become mature, application field expands unceasingly, you can image that the high-tech products which bring artificial intelligence technology, will be a “container” of human wisdom.