00:01
Hello everyone, so let's solve this question.
00:03
So here, economic development over the long run is influenced by the technological progress because of an effect it has productivity.
00:16
Economic excellency may be catch by looking at a country productivity.
00:21
So it is measured in terms of the production per effort.
00:26
There will be more production with the same amount of effort.
00:30
Thanks to the productivity gains in the amount of effort, productivity growth described the rise in output in relation to the rise in input.
00:44
The machinery issues have been discussed since at least 16th century and is still very significant in the modern business world.
00:53
It's unclear how technological progress will affect the need for workers or will it be a shift in the ratio of workers.
01:03
Development are distinct from the classic machinery issue in many key aspects.
01:10
First, the rate of progress in ai now is substantially higher than that of previous technological developments.
01:18
Secondly, artificial intelligence is being developed at a moment that can replace human labor in a variety of jobs.
01:27
Thank to the current advancement in ai.
01:32
So if you talk about that it's true that ai might one day make human worker obsolete in some field.
01:40
I have no doubt that ai may be used to automate the work of accountant or auditor.
01:50
For instance, manufacture is just one industry where ai is being utilized to replace human work.
01:58
Then musk defends a large population for a variety of reasons.
02:02
First, a sizable population is required to serve as a customer.
02:08
Customer pays for tesla wares...