NEXT BIG THING, OR NEXT BIG PROFIT?

#NextBigThing #AI #DataCenters #innovation #LostJobs #environment #profits
Is it the thrill of the hunt, or the glory of the reward?
Several news outlets have discussed whether today’s technology innovators, particularly those involved with artificial intelligence, are working to make the world a better place, or to make money.
They’ve talked about the speed with which each is working. They’ve talked about the indifference of side effects these new technologies will produce.
In biotechnology, for example, researchers are obviously interested in making a profit for their respective companies, but they are just as interested, if not more so, in producing a product that will save more lives.
They weigh the results as well as the side effects in their clinical studies. They weigh whether patients will sacrifice side effects to boost their survival chances.
But, artificial intelligence is different. The researchers can foresee potential game changers in their research. Seemingly, though, they are paying little attention to what the outcomes might do to people, neighborhoods and our way of life.
They potentially can make companies and operations more productive, but what about the jobs they will eliminate? What about the potential damage their processes will do to the environment?
Average folks who are reading and hearing about this – or, perhaps, experiencing it themselves – are asking for caution. They are asking for a pause, or to slow down the progress of these developments until the consequences can be properly assessed.
Still, the innovators are pressing full steam ahead. They want to beat their competitors. They’ve invested billions of dollars into their research and are eager to see a return on that investment.
Both of these are understandable concepts from that side of the ledger. But will the side effects for those who would use these products be more profound than the progress itself?
People are asking government to be the backstop here. But, it’s hard to stop innovation that is proceeding rapidly. It’s hard to stop a speeding car by standing in front of it.
Therefore, it’s up to the innovators themselves to provide the bulk of the caution. It’s incumbent on these smart people not to be Frankenstein, and create a monster that will destroy life — that can’t be stopped.
It’s a marvelous achievement to create something no one else has created. It’s great to invent a machine that will do many things humans do, but faster and more efficiently.
But, revolutions of all types can produce backlash. The innovators have to weigh whether what they are creating will do more harm than good, even in the short term.
Something that ultimately saves some lives, but kills others in the process, may not be worth producing on a large scale.
Facilitating mechanical or mundane tasks is a good thing. But, people who used to perform those tasks may never be able to recover from their lost jobs, lost way of life etc.
Curing a disease, or prolonging human life, may be worth the potential side effects. But, having machines take over for people may not be.
If you are among the innovators, remember that innovation for its own sake may not be a good outcome. It’s up to you, mainly, to use your creative genius not only to innovate, but also to manage the outcomes.
Peter

WHO WANTS TO BE A BILLIONAIRE?

#billionaires #money #inflation #HighPrices #CostOfLiving
Really, who wants to be a billionaire?
Perhaps, secretly, we all do.
Yet, they are getting a bad rap these days because, it seems, they are the only ones (perhaps some multimillionaires are as well) benefiting from today’s economy.
High prices on just about everything are beefing up their bottom lines. If they have stock portfolios, they have reaped rewards.
However, they also must look at the rest of society that is suffering amid the billionaires’ bounty.
If a billionaire was in those shoes at one time, it would be curious to know how he or she really feels now.
The cartoon satire show “South Park” has spoofed billionaires recently. Yes, the richy rich have become the butt of political criticism because everyone seems to be suffering except them.
So, do you want to become the butt of political criticism, especially if you’ve been on the suffering end at one time?
If you secretly wish for that, what would you do with all your money? Would you hoard it away? Would you invest it wisely? Would you have a lot of fun until you ran out of it?
Of course, a good billionaire would invest wisely so he or she never runs out of money. He or she might also give some of it away to help alleviate the suffering in the rest of the world.
Also, would you want to have your taxes cut at the expense of the suffering masses? A good billionaire couldn’t care less what he or she pays in taxes. He or she believes it’s better for society that he or she be taxed, rather than those who can least afford taxes.
But, the theory goes, easing the tax burden on billionaires will encourage them to create jobs for others who may need them.
It seems most billionaires today are working to create machines that ultimately are not only going to replace people, but also inflict neighborhoods with noisy, behemoth buildings that suck up precious resources and infringe upon its quality of life.
Is it any wonder that the suffering masses are pushing back against billionaires?
They’re pushing back because they are getting rich at the expense of the rest of society.
They are often flaunting corruption in the faces of those less fortunate than they.
So, slightly rephrasing the question, do you want to be a billionaire?
There is nothing wrong with making money, if a person does it while helping others do the same.
There is nothing wrong with making money, as long one is not hurting others in the process.
Opportunities exist for almost anyone to prosper. But, if you are fortunate enough to do so, particularly if you come from modest means, it’s always good to remember from whence you came.
If you prosper, make sure you are generous with organizations and groups created to help those in need. And, don’t whine if it seems the taxman is unkind to you.
If you are a good person, and make your money legitimately, then it will be OK to be a billionaire.
Peter

NOT ALL WHO SEEK HELP ARE ‘LAZY’

#jobs #work #wages #salaries #CostOfWork #CostOfLiving
Lazy. Freeloader.
Don’t you just hate those people?
Throughout history, it’s been presumed that people who need aid to live, be it from government or charity, are lazy freeloaders.
They are able-bodied, but refuse to work. So, we should stop giving them aid and make them more self-sufficient.
But, with today’s high prices, relatively low wages and salaries, not all those who seek help are lazy freeloaders.
They just can’t meet their life needs on what they are earning.
Besides high prices and low salaries, many others also have to fight the ever-changing business environment. They can’t do anything about downsizing, businesses going belly-up or technological factors that remove, or reduce the human element from business tasks.
You even have people facing the cost of going to work vs. the benefits. If one does not get from a job enough to cover the cost of getting there and other work necessities – never mind whether the job meets all other life needs – it’s cheaper for them to stay home.
They are not lazy freeloaders. They want to work, but they want their job to cover all their expenses – and then some.
Not all jobs can do that. To wit: try to make a living with a $7.50 per hour minimum wage job. Therefore, not only are people staying home, there are worker shortages in the business world.
Add to these factors the cost of child care for working parents and you complicate the work-life matrix further.
Someone – or some entity – has to step in to bridge these gaps, if the goal is to get everyone who is able into the work force.
No amount of force, hardship or other external requirements is going to solve this problem.
It requires a society as a whole to create solutions, be it from employers, government or a combination of those factors.
It also requires business patrons to realize that businesses have to pay their workers living wages, therefore the goods and services will cost more.
There’s also the desire among the well-heeled elites to create a permanent underclass to keep wages low. Some immigrants gladly are part of that underclass, because where they are coming from is much worse. Yet, some in power don’t want immigrants to come here.
The problem will not be solved by applying sticks and stones to force people to work. It requires a comprehensive approach. Labor unions, in previous decades, helped provide elements for that overall approach.
Hardscrabble policies do not create hardscrabble people. Creative policies can help people through hardscrabble times.
So, the next time you see someone asking for financial help, do not presume he or she is a lazy freeloader. More likely, he or she is not.
He or she is just trying to survive in a world unkind to them.
Peter