LSE Events | Jeffrey D. Sachs | Man and Machine

The automation of robots and artificial intelligence is pretty well advanced in certain industries. The income now is shifting more and more to capital and away from workers, contributing to a general widening of inequality in the United States. Jeff Sachs argues that we need to pursue policies so that the coming generation of smart machines works for us and our well-being, rather than humanity working for the machines and the few who control their operating systems.
Jeffrey D. Sachs (@JeffDSachs) is Professor of Economics at Columbia University, a leader in sustainable development, senior UN advisor, bestselling author and syndicated columnist.
Francesco Caselli is Norman Sosnow Professor of Economics, LSE, and Director of the Macroeconomics Program at LSE’s Centre for Economic Performance (CEP).
The CEP (@CEP_LSE) is an interdisciplinary research centre at the LSE Research Laboratory. It was established by the Economic and Social Research Council (ESRC) in 1990 and is now one of the leading economic research groups in Europe.
The International Growth Centre (@The_IGC) aims to promote sustainable growth in developing countries by providing demand-led policy advice based on frontier research. The IGC directs a global network of world-leading researchers and in-country teams in Africa and South Asia and works closely with partner governments to generate high quality research and policy advice on key growth challenges.

[@miroslavkutak9430]

An average adult works 3.18 hours per day... That reminds me of Felix Holzmann gag where he was making fun of statistics - so if you eat one chicken, we both eat half a chicken on average. But that doesn't make the other guy less hungry. If I work 10 hours a day and 2 other people do nothing, that doesn't make me particularly less tired.

[@gottliebsmilingstocksspang2327]

Artifical intelligence vs poetry (poem)
Cobb-Douglas production functions widely used to represent the technological relationship between the amounts of (physical, financial and human) capital and labor and the amount of output that can be produced by those inputs, dependent on assumptions on constants and output elasticities
with increasing human capital representing the work of engineers, doctors, lawyers and accountants substituted by algorithms, big data and MBA robots, what ought the new generation to study to gain competitive advantage over the wave of artificial intelligence?
the surprising answer is liberal arts, become a novelist, write poetry that leverages on human emotions, chronically absent in standard robots-engineering products
in the final analysis, Shakespeare's originality, wit, empathy and eloquence outperforms Watson's deep and clever computing, is it not surprising?

[@joshuaeko]

Excellence Prof 👏👏

[@apakansaja8505]

Once general Industry has been automated, human will focus more on agriculture and food productions. Human will start finding jobs and venturing towards the oceans, other planet and space explorations.

[@MegaVero23]

15k view's 153 likes, 12 comments. Hmmmm I just clicked play and up for a chat on this subject

[@drsmetal2747]

And Andrew Yang was running for president during this discussion on automation.

[@MrCantro]

Excellent as usual

[@nedhill1242]

This guy is a left-wing idiot! This guy is a propaganda machine.

[@KrishnaHarish]

👌

[@condorone1501]

Bowlerhatman for Primeminister of the UK.

[@timothybachew]

Jeffrey Sachs is in a class by himself

[@justinkim4393]

I’m

[@ggc7318]

He is just a talking head professor.

[@felipefernandez2049]

@@ggc7318 Very insightful comment.

[@stocklee6228]

Had the west forbiddened Mr Jeffrey Sachs？

[@sourabhbhattacharya3411]

Oh god....

[@iQuation]

crime does not pay, neither does labor

[@michael511128]

The camera angle sucks. They just have to sacrifice the screen for the sake of the LSE signs on the wall. For that stupid reason I DON'T LIKE LSE!

[@lejonsqueen]

Had to turn off after the first trump insult. Leave him out.. Do better ….

[@nedhill1242]

That was a ridiculous comment for sure but when I turned it off was when he started talking about Africa being poor because of racism and historical events blah blah blah. No. Africa is poor because of their own corruption. There are so many countries around the world that have an insane amount of natural resources and those resources are being mined and exploited but those countries are still poor. Why? Because the governments are corrupt and hate their people like the far left the government in America today. this guy is a hack. A propagandist!