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200 Years of Tech Panics: From Bicycles to AI

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    New inventions are a
    continual source of fear.
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    What about perfectly innocent
    inventions like bicycles?
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    The bicycle is the devil's advance
    agent, morally and physically,
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    in thousands of instances.
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    Wow. Bicycles were the work of the devil.
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    Wonder what people thought
    about the invention of cars.
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    Motoring is one of the most
    contemptible, soul destroying,
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    and revitalizing pursuits.
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    In England,
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    fears of these horseless carriages led to
    a speed limit of just four miles per hour,
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    with a person walking ahead waving
    a red flag to warn bystanders.
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    Every significant Socrates
    was Socrates was not a fan.
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    Books will create forgetfulness
    in the learner's souls
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    because they will not use their memories.
    What about artificial intelligence?
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    It's normal and natural to see AI
    and fear how it might change society.
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    It has the potential of a
    civilizational destruction.
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    However, if history is any guide, we
    have little hope of accurately predicting
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    anything about its impact.
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    You might say, forget the moral panic.
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    What about jobs?
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    Shouldn't we be scared
    of being replaced by AI?
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    Certainly, new technologies will take
    some jobs, just as they have in the past.
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    Ever heard of the job, knocker
    upper? It's not what it sounds like.
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    During the industrial revolution,
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    it was someone's job to go door
    to door and wake people up.
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    So roosters were replaced by knocker
    uppers, who were replaced by alarm clocks,
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    which were replaced by cell phones,
    which will probably eventually
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    be replaced by something else.
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    Many of the voices you've heard in this
    video aren't people, but AI generated.
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    Hi. I'm Hal. I'm Samantha.
    My name is Rachel.
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    Don't worry. I'm a real human
    and still have a job. For now.
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    Oh, boy. But knock her upper is one job.
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    What does the data say about
    the overall trends in job loss?
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    Here's the unemployment rate
    and labor force participation
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    rate in the United States
    since nineteen fifty.
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    Despite all the technological
    advancements of the past century,
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    labor force participation has remained
    steady and unemployment hasn't shot up. Why?
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    Technology destroys,
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    but it also creates.
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    Knocker uppers might be out of a job,
    but there were plenty of new jobs
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    created for designing, manufacturing,
    marketing, and distributing alarm clocks.
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    Think of all the career opportunities
    that didn't exist a decade ago.
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    So should we be worried about technology?
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    At the individual level,
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    maybe. Depending on your job, you
    could be the next knocker upper,
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    switchboard operator, or voice over actor.
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    Wait, what? Come on. Okay. Cut.
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    While AI might replace
    some voice over actors,
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    at a societal level, history suggests
    that we will see both jobs lost
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    and new jobs created, many of
    which we can't even imagine.
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    But could this time be different?
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    We'll explore this
    question in future videos,
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    but if history is any
    guide, the terminators
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    we fear will turn out to be teddy bears.
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    If you're a teacher, you should check out
    our free unit plan that uses this video.
  • 3:48 - 3:50
    If you're a student,
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    visit the links in the description for
    more resources on how to use AI to learn.
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    Or if you're just curious to watch more
    videos like this check out this playlist.
Title:
200 Years of Tech Panics: From Bicycles to AI
ASR Confidence:
1.00
Description:

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Video Language:
English
Team:
Marginal Revolution University
Project:
Other videos
Duration:
04:46

English subtitles

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