Category Archives: Sport

Augmented Environments and New Media Forms

Media are ubiquitous, especially in our urban environments: one reason is that the vast majority of us now carry smartphones, wearables, or tablets at practically all times. These mobile devices are platforms for the remediation of traditional media (the printed book, film, television, and recorded music) as well as for newer digital forms, such as videogames, social media, and Augmented and Virtual Reality applications. The next step in our media culture will be the continued multiplication and diversification of media forms. There will be no single medium (e.g., VR) that absorbs all others; instead, different media will flourish, each augmenting different aspects of our daily lived experience.

UBIQUITOUS MEDIA

Media are everywhere. Other advances—particularly in biotechnology—may ultimately have greater social impact and promise to remake what it is to be human. But if we look at the most visible changes that our culture has undergone in the past fifty years, they are in the realm of media. Many, perhaps most, readers of this article will remember a time when there were no smartphones or tablets; when cellphones were bulky and generally owned by businesspeople and so-called early adopters; when it was impossible to watch a television series or film on your computer; when LCD or LED flat-screen televisions were rare and expensive. Today people in the advanced economies carry media devices everywhere they go. Bars and airports have television monitors almost literally in every direction that you look. Elevators in office buildings have small screens to watch cable news and advertising as you ascend. Even some gasoline pumps now offer video entertainment (and of course advertising) as you fill up your car. Meanwhile, as for 2015, three digital media giants (Google known as Alphabet, Apple, Microsoft) led all other companies in market capitalization; Berkshire Hathaway Inc, a financial company, and Exxon Mobil came in fourth and fifth (Price Waterhouse Cooper, 2016). The sixth company, Facebook, whose social networking site is nothing but virtual entertainment, continues to climb toward an active user community consisting of one-quarter of the population of the planet. These are remarkable indications of the economic as well as cultural power of contemporary media.

Technological Progress and Potential Future Risks

Emerging technologies, such as industrial robots, artificial intelligence, and machine learning, are advancing at a rapid pace. These developments can improve the speed, quality, and cost of goods and services, but they also displace large numbers of workers. This possibility challenges the traditional benefits model of tying health care and retirement savings to jobs. In an economy that employs dramatically fewer workers, we need to think about how to deliver benefits to displaced workers. If automation makes jobs less secure in the future, there needs to be a way to deliver benefits outside of employment. “Flexicurity,” or flexible security, is one idea for providing health care, education, and housing assistance, whether or not someone is formally employed. In addition, activity accounts can finance lifelong education and worker retraining. No matter how people choose to spend time, there needs to be ways for people to live fulfilling lives even if society needs fewer workers.

The list of new technologies grows every day. Robots, Augmented Reality, algorithms, and machine-to-machine communications help people with a range of different tasks.(1) These technologies are broad-based in their scope and significant in their ability to transform existing businesses and personal lives. They have the potential to ease people’s lives and improve their personal and business dealings.(2) Technology is becoming much more sophisticated and this is having a substantial impact on the workforce.(3)

BBVA, OpenMind. Technological Progress and Potential Future Risks. WEst. Workers walk among shelves lined with goods at an Amazon warehouse, in Brieselang, Germany. Germany is online retailer Amazon’s second largest market after the USA.
Workers walk among shelves lined with goods at an Amazon warehouse, in Brieselang, Germany. Germany is online retailer Amazon’s second largest market after the USA.

In this paper, I explore the impact of robots, artificial intelligence, and machine learning on the workforce and public policy. If society needs fewer workers due to automation and robotics, and many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to get health care and pensions? These are profound questions for public policy and we need to figure out how to deliver social benefits in the new digital economy.

EMERGING TECHNOLOGIES

Robots

Industrial robots are expanding in magnitude around the developed world. In 2013, for example, there were an estimated 1.2 million robots in use. This total rose to around 1.5 million in 2014 and is projected to increase to about 1.9 million in 2017.(4) Japan has the largest number with 306,700, followed by North America (237,400), China (182,300), South Korea (175,600), and Germany (175,200). Overall, robotics is expected to rise from a $15-billion sector now to $67 billion by 2025.(5)

According to an RBC Global Asset Management study, the costs of robots and automation have fallen substantially. It used to be that the “high costs of industrial robots restricted their use to few high-wage industries like the auto industry. However, in recent years, the average costs of robots have fallen, and in a number of key industries in Asia, the cost of robots and the unit costs of low-wage labor are converging… Robots now represent a viable alternative to labor.”(6)