The Future of the Global Economy

[Findingnemo]

Sounds like a Sci-Fi movie and yeah it can be possible, AI is growing rapidly and let me give you an example that is going to affect the video creators, movie industry and especially VFX artists. Recently, Google launched their AI model Veo 3 that can generate realistic video along with audio and you may have seen those clips which looks realistics so no need for millions of dollars to be spent anymore and it's waiting time is none so yeah things are changinf fast and we can't really predict how it is going to be.

[Sticky Bomb]

We just have to accept the change. If AI ends up taking over some jobs, there are still many others that can be done.

Take agriculture, for example. Many countries are facing food shortages and rely on imports. Maybe people can start focusing more on that sector and use AI to learn how to succeed in it. That’s what comes to mind for me right now, especially when I think about the current situation in our country.

AI can only take-up the jobs of average people and not core professionals and the more we learn how to work with AI, the more we stay more productive and increase our chances of not being replaced by the AI trend, because whether we like it or not, AI is the future of technology and optimal productivity.

Yes, I can agree with you to give agriculture a look for diversification purpose only, and not as a main focus. I believe in specialized knowledge and as long as you build it in your activity, you would continue to create value and not be easily displaced. I also love diversification in order to create more balance in our skills and finances.

[HONDACD125]

AI can only take-up the jobs of average people and not core professionals

That's not entirely true, and I'll tell you why. You know that AI technology is still in its infancy, but still, it has the ability to write code within minutes that even professionals might take more time to write, and being relatively new and under development, it sometimes does it perfectly, without any errors or room for improvement. So, it's not true that AI cannot replace core professionals, but you could say that it might not be able to replace jobs of people working in some sectors, which are generally not easy for an AI to do or manage, but when it comes to technology and things related to it, AI can replace anyone in the future.

But of course, as you also mentioned, an AI will also need an human assistance sometimes, to make some tweaks, or maybe make it do things that are extra and needed to be fed, so basically, those who feel they can lose their jobs to AI in the future, should start either doing things that they believe can't be replace by AI, or start becoming extremely good with AI itself so that they can use AI in their work to become more productive instead of getting themselves replaced by it.

[letteredhub]

I don't think a time will come when geopolitical conflict will end...  We are humans and humans will always have something to fight about because we have wants that cannot be satisfied....
This will make it harder for the inflation levels to be stabilized. I have thought about it and discovered that the world economy can never really be united even with the emergence if Blockchain and quantum.computing..even if it is possible, it will not be achieved in the next 3 centuries

The quest for global economic power and political control by the political leadership of the different countries of the world makes geopolitical conflict inevitable to end. The world has gone so civilized that no one section would want to submit to another. And any act of suppression would face grave response especially as technology develops many nations are looking for the slightest opportunity to trust certain weapons and nukes they have developed to check it efficacy.  This and many more reasons makes it impossible for geopolitical conflicts to completely end.

[Akbarkoe]

AI can only take-up the jobs of average people and not core professionals and the more we learn how to work with AI, the more we stay more productive and increase our chances of not being replaced by the AI trend, because whether we like it or not, AI is the future of technology and optimal productivity.

Technological progress cannot be stopped, if we do not immediately move further before the presence of AI completely replaces human jobs, then be prepared to become homeless. This world is very harsh, there is no time to relax, therefore every day we must try to improve our abilities and skills, be the person needed by others, by the company, not the other way around. So that we will always have an income.

Yes, I can agree with you to give agriculture a look for diversification purpose only, and not as a main focus. I believe in specialized knowledge and as long as you build it in your activity, you would continue to create value and not be easily displaced. I also love diversification in order to create more balance in our skills and finances.

For now, the food industry is a much-needed industry, because the need for food continues to increase every year and this must be the main focus. However, it is very unfortunate that for now, some countries are more afraid of running out of bullets than running out of food supplies.

[Zlantann]

How do you think the global economy will change in the future? Will current geopolitical tensions and economic uncertainty (trade wars, rising inflation, etc) force us to such drastic changes (AI, QCs, etc)? How long do you think will it take for such changes to materialize?

Your input would be greatly appreciated. Thanks.

Don't we think that we are overexaggerating the effect of AI, Quantum Computing, and underpopulation? No doubt AI will replace man in so many areas but it will also create jobs. AI tools will also need humans to monitor their operation.

Most developed nations are facing sharp population decline. But this gap will be filled by people from developing nations who are experiencing population growth. Regardless of how hard these nations try to control immigration, they will still need immigrants.

Geopolitical crises have been in existence from the beginning of human civilization. It will always come and end, and the global economy will readjust. The world just experienced the escalations between Israel-US and Iran. We got the good news of a ceasefire this morning and the global market is recovering gradually.

[BALIK]

Don't we think that we are overexaggerating the effect of AI, Quantum Computing, and underpopulation? No doubt AI will replace man in so many areas but it will also create jobs. AI tools will also need humans to monitor their operation.

Similar to the advent of the Internet, computers, email...it has taken away many people's jobs but also created many other jobs and people will find ways to adapt. Indeed, I don't see anything too serious about the development of AI, but it's hard to understand why so many people are so worried about it. It is like any previous development of the world.

Most developed nations are facing sharp population decline. But this gap will be filled by people from developing nations who are experiencing population growth. Regardless of how hard these nations try to control immigration, they will still need immigrants.

One thing that many people are overlooking is that although organizations have warned that the world's population is aging, declining...they do not pay attention to the fact that the total world population is still increasing rapidly every day.

A few years ago, the world population was just over 7 billion people, but it is now 8.6 billion and is expected to increase to 9.7 billion by 2050.

Geopolitical crises have been in existence from the beginning of human civilization. It will always come and end, and the global economy will readjust. The world just experienced the escalations between Israel-US and Iran. We got the good news of a ceasefire this morning and the global market is recovering gradually.

People don't seem to learn about world history, they just look at what they are going through and assume the world is getting more and more unstable. They don't know that our world has gone through 2 world wars, hundreds of pandemics, crises, economic recessions...It can be said that the world is still the same, it has never been stable.

[Hanadawa]

But of course, as you also mentioned, an AI will also need an human assistance sometimes, to make some tweaks, or maybe make it do things that are extra and needed to be fed, so basically, those who feel they can lose their jobs to AI in the future, should start either doing things that they believe can't be replace by AI, or start becoming extremely good with AI itself so that they can use AI in their work to become more productive instead of getting themselves replaced by it.

I once read an article that said that some examples of jobs that cannot be replaced by AI are agriculture and fisheries. I think that makes sense because AI still can't be a farmer or fisherman. But on the other hand, they can use AI to help them with their work, such as monitoring agricultural or fishery products. Next are jobs that are related to empathy such as Psychologists, Psychiatrists, Doctors or Lawyers. Yes, for now, AI is still in its early stages and I am one of those who are worried that my job as a freelancer will be taken over by AI. But this is the world we have to face, so we have to adapt and find jobs that can synergize with AI.

[Wonder Work]

AI can only take-up the jobs of average people and not core professionals and the more we learn how to work with AI, the more we stay more productive and increase our chances of not being replaced by the AI trend, because whether we like it or not, AI is the future of technology and optimal productivity.

Many people are making many comments about the use of AI, but in line with how the modern world is moving forward, we need to learn how to use AI very well. Those who do not know how to use AI well will be left behind for many years. Many people think AI will take over human work, which is impossible. This will lead to more creativity and updates to the human work system. The future of technology and productivity should be increased by using AI.

I don't think a time will come when geopolitical conflict will end...  We are humans and humans will always have something to fight about because we have wants that cannot be satisfied....
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This will make it harder for the inflation levels to be stabilized. ...........................................................

I see that you have made the same type of post twice in a row, and I also know that you have taken a neutral track around 2023. There is another account linked to your account. I do not know if you did this by mistake or knowingly, so please delete one of the posts for this.

[Abiky]

Don't we think that we are overexaggerating the effect of AI, Quantum Computing, and underpopulation? No doubt AI will replace man in so many areas but it will also create jobs. AI tools will also need humans to monitor their operation.

Most developed nations are facing sharp population decline. But this gap will be filled by people from developing nations who are experiencing population growth. Regardless of how hard these nations try to control immigration, they will still need immigrants.

Geopolitical crises have been in existence from the beginning of human civilization. It will always come and end, and the global economy will readjust. The world just experienced the escalations between Israel-US and Iran. We got the good news of a ceasefire this morning and the global market is recovering gradually.

Well, there's the issue of Russia's war with Ukraine. The global economy cannot recover until all conflicts are put down to rest. This not only means armed conflicts between countries, but also trade wars. Once things are settled (albeit for a short period of time), the economy will begin to move in the right direction.

It's said that pandemics and external conflicts bring radical transformations to our society. We've already seen the rise of AI as a result. Meanwhile, crypto/Blockchain adoption continues to grow, while Quantum Computers are getting close towards hitting the mainstream. The future is all about automation, tokenization, and a cashless economy. While this aims to make our lives better, it will certainly give greater control/power for both banks and governments. In essence, freedom and privacy for all would be non-existent. Who knows how long will it take for this to become a reality?

[Etranger]

Well, there's the issue of Russia's war with Ukraine. The global economy cannot recover until all conflicts are put down to rest. This not only means armed conflicts between countries, but also trade wars. Once things are settled (albeit for a short period of time), the economy will begin to move in the right direction.

In my opinion —as someone living in Ukraine under constant shelling and in a collapsing economy—your argument sounds extremely naïve. Specific branches of the global economy are actually thriving during times of armed conflict. And the war in Ukraine is no exception; it's a clear example that proves this rule.

If the trade interests of the world’s largest economies weren’t a top priority, this war could have been stopped long ago. But too many major players benefit from it—players who are not directly involved in the war, who aren’t losing their people, their lives, or their health. That’s why they can afford to speak from a position of selfish interest.
They don’t need a ceasefire or an end to the war. What they need is a market for goods that are in high demand specifically during armed conflicts.