As artificial intelligence and robotics become more advanced, automation – the undertaking of tasks by machines with minimal human intervention – offers increasingly significant societal benefits. Nouriel Roubini, Professor of Economics and International Business at New York University, notes that these new technologies are “spawning a feverish excitement for a radical transformation in industrial production”, giving rise to what he and others have begun referring to as the third industrial revolution.
Automation allows for greater management of time and resources; it facilitates and accelerates the production process and increases productivity. It enhances products quality and reduces the number of labor hours for workers.
https://www.researchgate.net/project/EXPONENTIAL-KNOWLEDGE-AUTOMATION
https://www.researchgate.net/post/How_will_knowledge_automation_modify_the_production_function_2000-2050
The pathway is: Article Eco-Logic Democracy
We have to shift from voting to bargaining systems, i.e. economic democracy.
Automation allows for greater management of time and resources; it facilitates and accelerates the production process and increases productivity. It enhances products quality and reduces the number of labor hours for workers.
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