Past Event

Artificial intelligence: challenges and opportunities

Rob Atkinson, the founder and president of the Information Technology and Innovation Foundation presented his research work on the impact of artificial intelligence on our lives.

Date: March 23, 2017, 12:00 pm Topic: Innovation & Competition Policy

SUMMARY

Rob Atkinson started out by clearly stating that he does not agree with current alarmist reports of a 4th Industrial Revolution, robots destroying jobs, a loss of privacy due to AI or that the pace of change would accelerate. Atkinson considers the belief that human-like robots will soon cause large scale unemployment a result of overextrapolation and other biases such as personification once robots are programmed to mimic human behaviour. Rather than 40% of job displacement, Atkinson considers merely 9% of jobs at risk.
Considering continuously declining productivity growth, there is no evidence for a 4th Industrial Revolution. Moreover, it has repeatedly been shown that there is no statistical relationship between productivity growth and unemployment on a country level. If an increase in productivity renders human work as redundant and job loss is larger than job growth, it will be gradual and welfare gains will be distributed, so Rob Atkinson.

The odds of losing jobs due to closing business or occupational churn are at the lowest level since 1850. In his research, Rob Atkinson refuted predictions about occupations in which robots will replace humans and he claims that AI will be an enabling technology rather than replacing. Even if innovations have the potential to replace human workforce, the transition phase of such technologies has been slow in the past.
Anna Byhovkaya, subsequently, called for a joint setting of innovation, regulatory and employment frameworks following a tripartite approach. Alarmism triggers short term and incremental solutions. But occupations that are affected by automation and AI need differentiated treatment, a broad institutional fundament and a just transition framework.

The Finnish MEP, Merja Kyllönen, added that politicians at the European Parliament are afraid to lose control in light of these new technological advancements and emphasised the issue of liability. But the option of a liability pool, similar to the development of pharmaceuticals for rare diseases, was proposed for automated vehicles for example.

The audience criticised Atkinson to have a historical bias and questioned whether profits of new technologies would be kept by the owners or if competitive markets would distribute the gains. The event ended with Atkinson’s call to embrace disequilibrium which is innately tied to Schumpeterian innovation.

Event notes by Robert Kalcik, Research Assistant

Video recording

 

 

event materials

Presentation by Robert Atkinson

Schedule

Mar 23, 2017

12:00-12:30

Check in and lunch

12:30-12:50

Presentation

Robert Atkinson, President, Information Technology and Innovation Foundation

12:50-13:30

Panel discussion

Chair: Georgios Petropoulos, Research Fellow

Anna Byhovskaya, Senior policy advisor, Trade Union Advisory Committee to the OECD (TUAC)

Merja Kyllönen, Member of the European Parliament

13:30-14:00

Q&A

14:00

End

Speakers

Robert Atkinson

President, Information Technology and Innovation Foundation

Anna Byhovskaya

Senior policy advisor, Trade Union Advisory Committee to the OECD (TUAC)

Merja Kyllönen

Member of the European Parliament

Georgios Petropoulos

Research Fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

Read about event More on this topic
 

Past Event

Past Event

How to strike the right balance between the three pillars of the pension system?

In this event panelists will discuss the future of European pension schemes.

Speakers: Elsa Fornero, Svend E. Hougaard Jensen and Suvi-Anne Siimes Topic: European Macroeconomics & Governance Date: September 23, 2021
Read article More on this topic
 

Blog Post

Remote work, EU labour markets and wage inequality

More remote working in the wake of the pandemic could exacerbate wage inequality, with young workers, women and the low educated potentially losing out.

By: Georgios Petropoulos and Tom Schraepen Topic: Innovation & Competition Policy Date: September 14, 2021
Read about event More on this topic
 

Past Event

Past Event

Academic lecture: International technology competition

Bruegel Annual Meetings, Day 3 - On the final day of the Annual Meetings, our Director Guntram Wolf sits with Keyu Jin to discuss international competition policy.

Speakers: Keyu Jin, J. Scott Marcus and Guntram B. Wolff Topic: Innovation & Competition Policy Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 3, 2021
Read about event More on this topic
 

Past Event

Past Event

Conference on the Future of Europe: envisioning EU citizens engagement

Bruegel Annual Meetings, Day 3 - Panellists will discuss different options and what they may entail while revisiting the debates on the future of Europe at national and EU-level that have been conducted thus far.

Speakers: Caroline de Gruyter, Kalypso Nicolaïdis, Niclas Poitiers and György Szapáry Topic: European Macroeconomics & Governance Location: Palais des Academies, Rue Ducale 1 Date: September 3, 2021
Read about event
 

Past Event

Past Event

Sustainable finance

Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability.

Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 3, 2021
Read about event More on this topic
 

Past Event

Past Event

The role of the EU's trade strategy for an inclusive and sustainable recovery

Bruegel Annual Meetings, Day 3 - We are delighted to welcome Valdis Dombrovskis, Executive Vice President of the European Commission for An Economy that Works for People to talk about Europe's trade strategy.

Speakers: Valdis Dombrovskis, Alicia García-Herrero and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Palais des Academies, Rue Ducale 1 Date: September 3, 2021
Read about event More on this topic
 

Past Event

Past Event

Navigating a more polarised world: policy implications

Bruegel Annual Meetings, Day 2 - Are we entering a new age in the relationship between international economics and global politics? Is Europe well-equipped for this new world?

Speakers: Hélène Rey, Jean Pisani-Ferry, Adam Tooze and Sabine Weyand Topic: Global Economics & Governance Location: Palais des Academies, Rue Ducale 1 Date: September 2, 2021
Read about event More on this topic
 

Past Event

Past Event

Blending physical and virtual: shaping the new workplace

Bruegel Annual Meetings, Day 2 - This panel will cover the changes the COVID-19 pandemic made to our workplaces, and what to expect in the near future.

Speakers: Nicholas Bloom, Michael Froman, Mario Mariniello, Sara Matthieu and Luca Visentini Topic: European Macroeconomics & Governance Location: Academy Palace Date: September 2, 2021
Read about event More on this topic
 

Past Event

Past Event

Brave new digital industrial policy

Bruegel Annual Meetings, Day 2 - In this session our speakers will discuss innovation and digitalisation.

Speakers: Francesca Bria, Kerstin Jorna, Aura Salla, Marietje Schaake and Reinhilde Veugelers Topic: Innovation & Competition Policy Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 2, 2021
Read about event More on this topic
 

Past Event

Past Event

Monetary and macroeconomic policies at the crossroads

Bruegel Annual Meetings, Day 2- In this session we would like to discuss monetary and macroeconomic policies after Covid-19.

Speakers: Grégory Claeys, Per Callesen, Gita Gopinath, Jorge Sicilia Serrano and Lawrence H. Summers Topic: Finance & Financial Regulation Location: PALAIS DES ACADEMIES, RUE DUCALE 1 Date: September 2, 2021
Read about event
 

Past Event

Past Event

European banks: under global competitive pressure?

Bruegel Annual Meetings, Day 2 - European banks have lost stature and remain generally low-profitability, low-valuation in comparison to their global peers. Is that a problem? If so, what can EU policymakers do to address it?

Speakers: José Antonio Álvarez Álvarez, Mairead McGuinness and Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Palais des Academies, Rue Ducale 1 Date: September 2, 2021
Read about event More on this topic
 

Past Event

Past Event

Towards a new global trade regime: reform of the WTO

Bruegel Annual Meetings, Day 2 - the World Trade Organisation has been going through trying times, a phenomenon amplified by the pandemic. Why are we headed towards a new global trade regime? And what lies ahead for the WTO?

Speakers: Ngozi Okonjo-Iweala and Guntram B. Wolff Topic: Global Economics & Governance Location: Palais des Academies, Rue Ducale 1 Date: September 2, 2021
Load more posts