Beware AI-Loving CEO’s replacing their workforces with robots

OtherWords – By Jim Hightower – May 08, 2019

Corporate bosses don’t talk about it in public, but among themselves — psssst — they whisper excitedly about implementing a transformative “AI agenda” across our economy.

AI stands for artificial intelligence, the rapidly advancing digital technology of creating thinking robots that program themselves, act on their own, and even reproduce themselves. These automatons are coming soon to a workplace near you.

Not wanting to stir a preemptive rebellion by human workers, corporate chieftains avoid terms like automation of jobs, instead substituting euphemisms like “digital transformation” of work.

Privately, however, top executives see AI as their path to windfall profits and personal enrichment by replacing whole swaths of their workforce with an automated army of cheap machines that don’t demand raises, take time off, or form unions.

As tech exec Kai-Fu Lee confided to the New York Times, he expects AI to “eliminate 40 percent of the world’s jobs within 15 years.”

Some CEOs are so giddy about AI’s profiteering potential that they openly admit their intentions.

Take Foxconn, the Taiwanese electronics giant hailed as a job creating savior last year by Donald Trump. It was given $3 billion in public subsidies to open a huge manufacturing plant in Wisconsin, but it’s now reneging and declaring that it intends to replace 80 percent of its global workforce with robots within 10 years.

Corporate apologists say displaced humans can be “reskilled” to do something else. But what? Where? When? No response.

Read entire article here

Posted by Teri Perticone

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