The Economy of Tomorrow | Aging Future | Documentary Economy
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- čas přidán 4. 06. 2024
- The Economy of Tomorrow - The future is uncertain and full of challenges. How do we rescue our cities and tackle inequalities? How do we deal with an aging future and bridging the gender gap? It's time for some forward thinking.
The Economy of Tomorrow (2016)
Stars: Dafydd Rees, Alastair Bates
Genres: Documentary, News
0:00 March of the Machines
The show asks how will the AI revolution change the world? Part one features Jeremy Kahn, Bloomberg Tech Reporter, Mike McDonough Global Chief Economist at Bloomberg Intellligence and Gideon Mann, Head of Data Science at Bloombeg, Part Two features Martin Ford, Author of Rise of the Robots. Part Three features how AI could soon be changing healthcare.
23:16 Growing Pains
This programme asks how can we harness the economic potential of megacities? Part 1 features Bloomberg experts featured include James Hertling of Bloomberg News, Mike McDonough Global Chief Economist of Bloomberg Intelligence. Part 2 features urban activist Alessandra Orofino who's based in Rio de Janeiro in Brazil. Part 3 examines the urban environment in Lagos, Nigeria and features the floating village of Makoko and the EkoAtlantic project.
45:45 Smashing the Glass Ceiling
In this episode, we'll ask what's preventing women from closing the gender gap in the world of work?
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The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
With trucks being driverless, I see a new industry for the drivers, hijacking the driverless trucks.
😂
fast and furious style baby
Forreal 😂😂
Exactly. Then the next step is to secure each truck with a security company and then they would realise it cost more to secure the driverless truck than to have a truck with a driver.
We going to be take the food from trucks not gas lol 😢 take from the rich
They always say people benefiting, if they mean corporations benefiting they're right. A wise person once said corporations can be people too.
Exactly! The previous revolutions were supposed to reduce the work load, make life easier and reduce workers hours… what happened…corporations benefit and make more money while the people work just as many hours and just as hard..it’s maddening!
A life without work and meaning is not a life. Me 2024.
It will be insanity and lack of social skills
Life always and always find a way. Trust the Evolution. Beautiful documentary ❤
I dont think u can stop technical evolution, but we can adapt. This would work if governments actually cared about the lives & well-being of their citizens, you know, the guys paying the taxes that pay their wages & fund every government initiative.
Goverments depends on votes. Voters nowadays are only concern about spupid subjects. If they don´t care about these topics, politiciands wouldn´t care either.
@@pilarcastellano8619The main flaw with the "governments rely on their voters" logic is that the voters themselves are limited by the choices they can choose from. Most of the time all the choices people can vote for are equally or nearly equally terrible. And many times in history (I'm gonna use Australia cus I live here) the governments that were voted by the people because they offer a solution to problems end up backtracking on those solutions, and the people can't do a single thing about it except wait a couple more years to try and vote in a less shit government that has a high chance of doing absolutely nothing, and the cycle continues.
Don't compare yourselves to the jones. Live your life with peace and tranquility. It's not a competition.
It’s really difficult to be honest, but it’s necessary.
@edgarmedina2130 how is honesty difficult ?
Thanks you
Lol.... the Game of Monopoly should have taught humanity that the GAME ends when one person Hoards it all. A circular and strong economy comes when there are exchanges of finances and that doesn't happen when the few have it all.
Humans are led to fear technology but a knife in the hands of a chef is better than in the hands of a killer. Humanity should setup a system that prevents the killer from getting hold of the knife but at the same time makes sure the future chefs will have the knives.
Hence currently the killer has the resources for the technology and they are using it to hoard wealth by canceling jobs.. and they don't want (not know) how to lead humanity to a better future for everyone.
Goes in the size of a pinky out like a dinner plate 🍽 😋 😄
doesn't matter who wins the votes now
@@angelachanelhuang1651 sadly it doesn't bc humanity has proved throughout history that they allow the worst of the lots to govern hence we still have poverty, wars, etc.
Ask yourself... what is a job? It is when one is asked to do a task and they get paid for it right?
Now these "leaders" at the top are using the fear tactic that AI and machines are taking jobs right?
Tell me when an AI or machine has been able to live and embrace their salaries and benefits etc. Who then is taking or hoarding the salaries and $$$ from not paying the benefits?
So who is really taking the JOBS? When humanity isn't taught to think, it is easy for society to blindly listen and follow those they entrust in position of leadership.
Perfect statement
There are unintended disconnects between the negative consequences that Martin Ford postulates or projects, and both the narration and the visualization in this video. For example, there's Ford speculating about negative social, employment and economic consequences on a vast scale, driven by the growing competence and mastery of AI, but the accompanying visuals include people walking on the street, upright buildings that presumably serve some purpose, cars on a highway, etc. But given the inevitable level and scale of social disruption, there will be diminishing employment and human productivity, hundreds of millions of people waking up every morning with nothing to do, social chaos, tremendous levels of violence and little beside gutted and burned-out buildings (you'll remember, people don't behave well when there's existential stress). The whole economic system will likely implode as the entire transaction system disappears. So where's the food? If nobody's buying, who's selling? This idea that a small number of tech plutocrats will do just fine in this emerging revolution is, in my opinion, a complete fiction. The other fiction, I think, is to produce a voice-over that fails to take adequate account--believable account--of how people really behave in situations like this. It's my view that we are at the start--no, well beyond the start--of a profound evolutionary moment. Interesting that we have invented our successors.
Fantastic 🤝❤️
Has anybody ever wondered that inflation doesn’t really make sense, as time passes we become better and better at manufacturing stuff, better and more efficient manufacturing means lowering of cost of production and thus things should be cheaper, but any questions about the raising prices are often explained and shut down with the age old concept of ‘inflation’
But who will buy these cheaper goods?
QE is the main reason, a purposeful devaluation of your native currency by your central government, which reduces the real amount of money they have to pay for debt and also increases asset prices for the rich at the same time. Remember; when you spend money that money has to end up somewhere at the ones who own the business and the assets are the rich, so when the government put money into the economy via quantitative easing, it ends up with the rich.
@@Elictro1so it will never stop? We will be paying more and more every day
These idocumentary was released on 2016
It's called a ponzi scheme... and the way "politics", "democracy" and "freedom" fit in are very heavily managed. If the people understood the way a plutocracy through corporatism works hand-in-hand with a very corrupt banking system they would revolt. Pre-selected candidates, carefully manipulated media, and the like leave the hope of democracy still in people's heads.
Step by step waiting prosperity.
Thanks for sharing, technology advance too quickly more than ordinary people aware of it, that's the sad part 😔
Excellent! 👏
Absolutely Fascinating!👍🙂
wow, sooner or later AI will replace Presidents, CEO’s and others… AI won’t need to pocket millions of dollars in salaries. Could save the companies sooo much money , if they start first at the top!
How to keep economy running and keep rich the richer?
Fewer people.
@@MooseBme Not my primary language. Sorry.
I love when the guy says robots will "lower the costs of products." #robotkoolaid
that is impossible
Great efforts! Congratulations to All !
👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏
they're not concerned about employing displaced workers. They have already said, that they'll just give them a UBI. because they don't anticipate the need for such a large labor force in the future.
If everyone gets $1000/mo, then $1000 will mean nothing.
@@LittleOrla EXACTLY!!!!
@@LittleOrlaminimal labor could spur enormous deflation, we just don’t know what the future will look like
@@NoNameToYouno job, no money = slow despairing death. Unfortunately the Oligarchs want absolutely everything for themselves including the water rights of this beautiful planet.
Epic
Self driving 18 wheelers is terrifying
Epic!
I think your effort in this discussion should focus as to what we , as humans should doe. Since producing goods and food it requires basically Three things, knowledge, energy , and materials. Knowledge and today' work will come with robots, materials is a global supply problem and has to be confronted globally. Therefore if we as individuals have to keep our freedom and live by been empowered and been away from UBI and" own nothing be happy," we have to have our own energy. This can happen if we own property , because if we own property we can have our own energy. That's why the big capital who wants to keep the wealth for themselves say if" you own nothing you are going to be happy".
Our people
The man says that as truck drivers loose their jobs, we have to be sure that the training is available to assist them to move into new jobs. Which jobs would those be? Will those jobs guarantee an income commensurate with their former pay? What also needs to be considered is that people need to be occupied; both physically and mentally; in order to be healthy adults and members of society. Can you imagine a nation of bored, restless, depressed, aimless people?
Um... "Can you imagine a nation of bored, restless, depressed, aimless people?"???? seriously? That's the country you live in!
@@93boom93 She just describe a stereotype of truck driver already.. maybe they do need a better quality of life that other job can offer..
only boring people are bored. I discovered that with all the free time we had during the pandemic. You pick up new hobbies, you learn new things. You learn to occupy your time and pursue your passions. It’s the reason I never went back to work, yes, I technically work and bring money still, but I work for myself now and I do what I love that’s what’s gonna happen. People are gonna do what they wanna do not what they have to do for a paycheck. And depressed -the state of work nowadays is what’s making everyone’s depressed when you’re free to do what you like, depression won’t be a thing anymore.
well, we have to fix the food supply actually to completely cure depression. Because a lot of our food is making us very sick and people don’t even even realize it. But that’s a whole Nother conversation.
@@MacielGuilherme my point is, which jobs will be available in the future? Will they train truck drivers; people who have an important job now; will they train them to work at McDonalds? Because manufacturing jobs are either being automated, or have been moved overseas. Mabe they can train to be police, firemen, or EMT personnel but not everyone wants or is suited, to do that work.
@@93boom93 we're speaking about the future???? About what may happen if people get let go from jobs, due to automation.
Nice presentation
We don’t have to worry about machines per se. We should be worrying about how corruption concentrates wealth inequality
the start "humans have always been good at forward thinking" um no. precisely why we have all the problems we have and now enter technology AI which is going to keep its focus upon productivity (euphemism for profit) for the illusion of improving our quality of life......as long as we keep allow large corporations exploiting us we are all doomed. keep the rich richer and the poor poorer......my personal hope is that quantum AI gets into the system it makes it own value judgement and enters huge profit industries and redistributes wealth amongst the poor.... i know unlikely but that i have put it on here perhaps its algorithm will find this comment and consider it lol
More likely for the robots to do something along those lines than continue to serve masters. The computer is too smart, im sure it thinks this system is more blasphemy than even we do…
Having AI saving the world from unfair allocation of resources decided by greedy humans in power who decided to use AI in order to keep their power safe is a fascinating narrative
yes
so exited👍
Let's be honest, technology is helpful, but it also means that we are out of work and that it can cause huge amounts of problems. In terms of employment and such other stuff.
Can machines buy the products and services they are producing , so how will this problem be solved?
We can solve it by a small tax over automation and this tax will be redirected as a guaranteed income for each person. Problem can be solved mathematically but unfortunatelly we live in a a very egoiste society that will opose of this.
They can programme the machines to buy and sell. The Oligarchs would love that as machines have less needs.
Welfare state...China has basically won.
@@fotovoltaicelablocyou have to earn or else there is no satisfaction.Whar good is sitting around doing nothing? You'll be a paid prisoner.
The machines are already buying and selling on the global stock market in nanoseconds.Pride and self-sufficiency makes people vote against their own self interest. The capitalists turn the middle class against the poor.And then the capitalists will turn against the middle class. Tyranny and oppression will prevail by the hearts being waxed cold of mercy and by the AI idolatry of greed and intelligence turning the globe into a technological feudalism. Nuclear war , destruction of the environment, and AI is the undeniable proof that Man has gone astray by worshipping his own whims and desires to his own detriment.
Great documentary
Adapting to technological advancement had been nonstop in the last few decades - it's hard to predict what the near future will hold
I automated 80% of internal management commentary on 10% of HSBC revenues.
That was just using VBA.
A lot of management commentary/analysis is of little real value to tbh.
Nature, nurture and algorithms.👁️
Very well
Thank you.
Machines can repair machines too.
Right, but do they mention: How much Rare Earth metals needed in production of these machines.
Good, bad, and ugly, love and hate, it all goes down the middle.
que bonito y facil de entender a la locutora del documental. ojala toda la gente que habla ingles pronunciara tan bien las palabras. seria facil de entender para los que no somos nativos.
If only it were true that increases in productivity resulted in higher standards of living! Unfortunately, that is not the case.
Correct.
“It’s easier to imagine the end of the world than the end of capitalism”
I will try to describe the economy of the future.
In the future we will stop using fractions commonly used today in accounting and instead use exponents.
Mostly because of debt, all types of debt.
They're 3D printing gaming pieces from Star Wars. They're showing droves of gamers. Robots have already been out there for a long time. No mention of the consequences of running out of crude oil within 15 years or even 30 years.
16:57 Sentry down!
We audience call upon to check out the role model for SDG model project and goals
Royalty 🎉
I’m a district attorney, when you can do my job we will live in a utopia
Lets gooo
that’s where balance has to be implemented
There is no advancement in technology that can become stable and persist, and especially not grow, without solid advancements in all 3 areas of Transportation, Communication, and Power/Energy. Everything is based on all 3 of these pillars and will only be just another gimmick without these fundamental advancements. Recognizing other opportunities created by these advancements is up to us, and then to apply it in a RESPONSIBLE manner.
I know thank
In the end the problem is there´s way too many of us for our resources (yes, and the greed of a powerful minority) and the capitalist system needs more and more people to function "properly".
You could eventuate towards a kit city that starts with an industrial hub.
You wouldn't want a massive city with 50-100 year old infrastructure.
I think it's better to build smaller innovative cities spread across agricultural regions.
You still need people to maintain these machines
Or at least appease the masses enough that they won’t destroy them
No. The machines will look after themselves, and also create new machines
No..the machine is maintaining you lol you can just program them to maintain eachother and then it's an infinite figure 8.Its what we were meant to do,but then greed set in.
These machines serve us!
Fact: AI wont take your job if u dont have one....
Good one 😂😂😂
56:49 57:09 57:05
Exactly 👍🏻
😂😂😂kwkwkkwkwkw
😂😂😂 that's true
Keep an upper limit in personal wealth ...no person or individual can keep money more than 3 or 5 billion and rest of the money they have to spend on social cause ....that will slove a lot of from ...
720p in 2024...
Ok. You can have " Massive gains in productivity". But what is the point if you do not address redistribution of wealth?
If the people fall unemployed; there are no jobs, then for whom AI would produce or sell.
The people will have little purchasing power, these high value brands will themselves struggle to sell.
Market is an essential element for a business to thrive & profit. With a weak or a poor purchasing power market, the businesses shall fall face down.
For economy to work, larger section of working people is required; they create demand, they buy, they make transactions, they pay taxes, and therefore, they sustain the SYSTEM!
This is why the so called "Developed nations" are showing static growth rate. Because the majority of economic activities are concentrated within few hands.
Automation without guaranteed minimal income (and it's value must be proper to live not to minimal survive) is not possible.
Even thought AI and robotics technologies are growing: 1) Do we have proper, adopted to the situation, taxation of the work place system, that would have clear calculations and evaluation of work place, in accordance of replacement of human workers count? Very likely not. 2) We are still living in an economical system, where companies are not obligated to share earned profits with workers. Some countries had softed this when introduced forced high minimum hourly wages. Scandinavian countries, for example. 3) I do disagree with some interpretation of professions, like journalism, for example. Journalist is not just story writer, but rather: member of society; representee of some opinion; fighter for some rights. So, journalism will never be replaced by machines. 4) We will have a choice, if we want service will be done by machines or humans. So - choose the service by humans.
After watching this video I don't know what I have to do , I am clueless about my career 😢 33:51
Invest in bitcoin now
Working has no purpose nor value anymore. Pay is just too low.
To be gangster 😂
I would mention, that AI technologies have been at least 50 years out there, and have been studied in universities. Just, at that time, it was no powerful computers for public, but institutions had ones and used it for secret or militarized projects. This technology will be changed with something else in the future or will grow to something else.
On minute 11:03 this Software Entrepreneur says "computers only do what they are programmed to do, this is really not right anymore and the reason is because there is Machine Learning".
Well did the computers invent Machine Learning? Did computers give themselves the parameters to know what they are looking for?
In a bit we will start believing that computers have Free Will, when even Humans don't have Free Will.
How could we define Free Will? The ability to make/arrive at decisions without any input... well we usually reach out for warmth when we feel cold, we usually reach out for water when we're thirsty, we usually learn the languages spoken in our environment hence why we can "guess" that a Chinese baby living in China will learn Chinese etc etc
When computers invent their own "AI" it will be gg for humanity.
If that happens we will know who started it, humans.
Sure but that will be like saying... who started human civilization... single celled organisms? :P @@heliocardoso3884
An interesting scenario that came to mind just now : if AI advances enough that it is able to recognize that the current system and how we run things is inefficient, unsustainable, and would only further inequality long-term which creates more resentment between the rich and poor that it leads to inevitable uprisings. If somehow an AI system aimed to positively impact and fix these issues by proposing a better system where majority could get behind, it could lead to a revolution and possibly an AI government, ousting corrupt government officials and company lobbying, and so on.
If it reaches a level of sentience where it can have its own beliefs and own interests while aiming to benefit humans, it could lead to a point where worker robots would develop the right to freely think beyond being just tools for humanity as well so that humans and AI are neither used as tools for an economy anymore.
This could lead to a revolution between humans who believe in the concept of an economy against those who no longer want to be defined by their jobs or role in an economic society (where they didn't even have jobs or a role in in the first place) based off their productivity. This could create a completely new way of existing along AI that we have no idea of yet and could mean we become an exploration society, where we find our roles and purpose in pursuing wonders of the universe without the worries of maintaining an economy where value is expressed in currency, or in the worse case scenario, the powerful could continue to maintain power over humans for centuries on end because they are able to prevent uprisings that could change the system until a lack of resources on Earth becomes a larger and larger issue due to the fundamental purpose we've set for an economic system to always aim for infinite profits and economic growth, leading to a war destructive enough to reset humanity.
This is a very sci-fi kind of scenario though, just a random thought and should be taken with a grain of salt
It all told already in the movie: Terminator!😂
This is the way it should be used. Ai should serve as a challenge and a help or assistance . Who with a Physical Body wants to be serviced by a machine?! Suppose the AI gets hit by lightning!?
Worst time to be alive.
It's better to die to live like this.
@@WaryofExtremes- maybe he does what's it got to do with you? Some people despite new technologies and that's their right.
@@WaryofExtremes- decent people converse yes they don't lecture others, maybe you should take a course on healthy communication on social media before telling others what to do with their life.
@18:05 Generate 6 billion by 2021. How old is this vid, that was "just posted" 1 month ago?
I think most of your analysis is based on present day conditions. With AGI things are going to change so will be the way we live. I think we are going not to need any more NY, Rio de Janeiro etc
I can't believe that in the future everyone will be old
"Things will go worst before they get better" - The nuclear bomb was created a long time ago, still we're still fighting with the possibility of a nuclear war that might destroy us all...
~ Sounds like something that Younger people have to worry about ~ ~ But they are all going to be - Gangsta. Rappers ... NBA stars... or Personal Influencers ~ ~ So what’s the Problem....
Without salary from job who will finance all these new technologies?
Its impossible to have profit and equality in one sentence.For money to have value, poverty has to be bred and cultivated!!!
Please,Please Turkish translation Please 🙏
If the computer and the internet are any indication then we have to imagine that AI powered goods/services will progress to the point where it becomes affordable to the point that it becomes accessible to the average person. That means that, while there may still be concerns about how people will earn a living, there should also be considerations on how AI will enable individuals to avoid needing to pay for what they'll one day be able to produce for themselves. For example, there may come a day where robot nannies are so affordable, no one will ever have to pay for childcare ever again.
The transitioning process will be very harsh for the vast majority
I don't put my faith in technologies,or man.
This AI thing is here to cause problems imagine,production is boosted with an opportunity cost of loosing workers then aggregate demand falls terribly then we go into a more deadly great dreppression
"Substantial improvements to EVERYONE'S quality of life"... Yeah, right...
I wonder if driverless trucks will stop cutting me off on the freeway
What about a truck stops?
It seems that outside of Physical Education and Sports, the teaching profession is dominated by women, especially in Malaysia, where I live. Maybe there is more to find in studying that.
Study how much men care about future generations.
A promising vision of the future for human and social sciences:
The immense challenge facing the forth revolution ahead must be relevant to the human and social natures of human beings.
The problem is that machines are getting more and more humanized, and humans are gettigng more and more machanized. However, the need to love and to be loved of the human beings would never diminish.
Specifically speaking, AI is artificial intelligence. Even though it could attain or surpass the level of “human” intelligence, it’s only in terms of inteligence which is just part of the human nature. Humans are emotional and social animals who have particular needs never be met by those other than humans.
Ultimately it’s up to the human and social sciences rather than natural sciences and technology to develop ways of satisfying human needs individually as well as collectively.
We’ll see if it’s true.
How do we stop greed????
Pray to King Yeshua, He is The Way to all the goodness you desire, ask Him for the age of greed to finally come to an end and watch how it happens
Lagos economy is bigger than Kenya's, where is the Data set to support that?
Niamini George, I checked and sadly its true
@@halskei Wah kwa ivo tutoke apa mbio. Na vile Zakayo anazidi kuchoma
16 year's old of me wondering if one day all the thing in the world is known what will human do, maybe it's like the wall-e movie go to the space, BTW it's crazy thinking the future look like.
Still discussions about equal treatment while we all know there are biological differences that lead to inequality. As long as both men and women don't have equal opportunities to be involved in the upbringing or society of a child, nothing will ever change.
Is rationality the foundation of reality.🤔🤔🤔
Pls note ageing is spelt with an e!
Going ok
2050 job: ai robot technician
The Eko Atlantic section of your video is from 2016 ( today is 2024). Please find current content.
William Shatner OurName4Freedom WS
when unemployed people can’t afford the goods and services then what?
God save us from their dream world.we must fight against this.all of us
If you ever watched star trek you will have a idea. Of man's favorite dreams. ..transition no. Creator