Chinese Economics Thread

BlackWindMnt

Captain
Registered Member
Which kind of blue collar jobs can't be replaced by AI or robotics though?
AI and robotics are so advance today and will keep advance further. The disruption will take away at least 60% of total employment ( it's definitely higher)
A lot of blue collar work is already mechanized. Laying rail or building new or maintaining roads. Prefab houses, flat etc construction.

If I'm not mistaken China is already using AI in planning and logistics. I think there was a complete dam build by an AI master planner.

But you also have a huge inventory of old houses and buildings that will need plumbers, electrician, construction personal just to maintain or upgrade those buildings.
 

Arij Javaid

Junior Member
Registered Member
It's funny when people measure GDP in nominal terms. It's a necessity for western copium addicts because it's the only metric they can point to.

They don't realize that if China wishes, it can appreciate the value of yuan by increasing interest rates, and using trade surplus dollars and China's nominal GDP would surpass the US.
 

CMP

Senior Member
Registered Member
We're still pretty far off from feasible integration and implementation. Currently, the overwhelming majority of "AI" models are still stochastic parrots and the like. True general intelligence is still so far off.
Hence the "given enough time" part of my comment. Obviously not within the coming decade, but definitely within the next 50 years.
 

Biscuits

Major
Registered Member
It's funny when people measure GDP in nominal terms. It's a necessity for western copium addicts because it's the only metric they can point to.

They don't realize that if China wishes, it can appreciate the value of yuan by increasing interest rates, and using trade surplus dollars and China's nominal GDP would surpass the US.
It's not possible to compare gdp at all without first adjusting for inflation (unless 2 countries use the same currency). So trying to compare China and US without adjusting inflation isn't only cope, it's also just an academic error.

For the reason that simply by deciding a much higher central bank interest rate, China (or US) could have 2x, 3x, 5x or however much they want in non-adjusted gdp. Without changing the size of the economy at all.
 

GZDRefugee

Junior Member
Registered Member
Hence the "given enough time" part of my comment. Obviously not within the coming decade, but definitely within the next 50 years.
Based on what I've seen and done, 50 years may be generous. The only thing I can legally say is that we have reached a bottleneck of sorts and progress has largely been slow. Very frustrating.
 

gelgoog

Lieutenant General
Registered Member
Wait what kind of blue collar professions are likely to be disrupted by AI?
At least the negatively impacted ones that is.
It has already been happening for decades. For example pick and place. There have been systems doing this using computer vision for quite a long time already. They can tell a product's color or shape and sort it into separate bins. These often use neural networks to operate. You can expect increasing use of artificial intelligence for quality control of products as time passes.

You have robots for vacuum cleaning. Another menial task which can now be vastly simplified with pretty simple artificial intelligence.

A massive one that could happen if they get it working properly it automated vehicle driving. Try checking out how many people are employed as drivers in the transportation sector. The number is just huge. You already see robots moving objects inside factory and warehouse facilities which previously would have been done by people driving with forklifts or carrying boxes as it is.

I'm assuming that advances in automation and other machinery that can do low-skilled or no-skill labor will replace the need for the human element, but for things that require more complex knowledge/skill how can AI replace them?
With regard to talk I often hear that artificial intelligence will replace programmers well that is bullshit. The moment that happens we just won't need humans for doing anything useful anymore. It might automate some programming tasks, but programming tools, and automation of programming tasks isn't anything new. Programmers have been doing it basically since the beginning. The creation of assembler language, higher level languages, code generation tools, are all mechanization to vastly increase worker programmer productivity.

The largest destruction of jobs caused by artificial intelligence over the next decade other than maybe replacing bus and truck drivers is automation of clerical worker tasks i.e. white collar jobs. Just think of how good machine translation and speech recognition is today. This massively reduced the amount of paid translator jobs. Medical exams is another area. Analysis of the medical exam results is highly automated today. I am also hearing that a lot of paralegal positions in law are also being eliminated. For each high paying job there used to be lots of lower paying jobs in the white collar sector where people just did a rough preprocessing of documents. All of this is currently being automated.

It is going to be really fun when people will realize that because all the entry level jobs are gone, there is no way to cheaply train the higher level jobs anymore. To a degree this has already happened in blue collar jobs like welding and might also happen to white collar jobs.
 
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TK3600

Major
Registered Member
It has already been happening for decades. For example pick and place. There have been systems doing this using computer vision for quite a long time already. They can tell a product's color or shape and sort it into separate bins. These often use neural networks to operate. You can expect increasing use of artificial intelligence for quality control of products as time passes.

You have robots for vacuum cleaning. Another menial task which can now be vastly simplified with pretty simple artificial intelligence.

A massive one that could happen if they get it working properly it automated vehicle driving. Try checking out how many people are employed as drivers in the transportation sector. The number is just huge. You already see robots moving objects inside factory and warehouse facilities which previously would have been done by people driving with forklifts or carrying boxes as it is.


With regard to talk I often hear that artificial intelligence will replace programmers well that is bullshit. The moment that happens we just won't need humans for doing anything useful anymore. It might automate some programming tasks, but programming tools, and automation of programming tasks isn't anything new. Programmers have been doing it basically since the beginning. The creation of assembler language, higher level languages, code generation tools, are all mechanization to vastly increase worker programmer productivity.

The largest destruction of jobs caused by artificial intelligence over the next decade other than maybe replacing bus and truck drivers is automation of clerical worker tasks i.e. white collar jobs. Just think of how good machine translation and speech recognition is today. This massively reduced the amount of paid translator jobs. Medical exams is another area. Analysis of the medical exam results is highly automated today. I am also hearing that a lot of paralegal positions in law are also being eliminated. For each high paying job there used to be lots of lower paying jobs in the white collar sector where people just did a rough preprocessing of documents. All of this is currently being automated.

It is going to be really fun when people will realize that because all the entry level jobs are gone, there is no way to cheaply train the higher level jobs anymore. To a degree this has already happened in blue collar jobs like welding and might also happen to white collar jobs.
Lack of entry level job is huge. Lack of market based class mobility might just neccesitate socialism.
 

tamsen_ikard

Junior Member
Registered Member
It's not possible to compare gdp at all without first adjusting for inflation (unless 2 countries use the same currency). So trying to compare China and US without adjusting inflation isn't only cope, it's also just an academic error.

For the reason that simply by deciding a much higher central bank interest rate, China (or US) could have 2x, 3x, 5x or however much they want in non-adjusted gdp. Without changing the size of the economy at all.

You are saying as if Doing these actions by the central bank has no consequence. Raising interest rate when China is going through deflation is like forcing it into a recession.

Same thing with raising the value of Yuan, which reduce money supply and cause a deflation. Plus it will make Chinese exports less competitive and cause further decline in exports.

There is a reason China is devalueing the Yuan and taking down interest rates. Its to boost the economy and raising the money supply and raising exports.
 
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