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

Investment firepower for the recovery: a conversation with Philippe Donnet, CEO of Assicurazioni Generali

At this event the CEO of Assicurazioni Generali, Philippe Donnet will be in conversation with Guntram Wolff, Director of Bruegel.

Speakers: Philippe Donnet and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: July 8, 2021
Read about event More on this topic
 

Past Event

Past Event

Strengthening the weak links: future of supply chains

What new supply chains trends will we see in the post-pandemic era?

Speakers: Ebru Özdemir, André Sapir and Guntram B. Wolff Topic: Global Economics & Governance Date: July 7, 2021
Read article More on this topic More by this author
 

Blog Post

Designing a hybrid work organisation

Post-pandemic hybrid work models should be carefully planned, taking into account individual and organisational needs.

By: Laura Nurski Topic: Innovation & Competition Policy Date: July 5, 2021
Read about event
 

Past Event

Past Event

Ensuring competitiveness of low-carbon investments

At this event, speakers will introduce the core idea of commercialisation contracts, and then discuss key design elements. This includes whether contracts should be issued at the EU or national level, how competition for contracts should be organised, and which industries should be eligible for support.

Speakers: Natalia Fabra, Peter Handley, Ben McWilliams and Georg Zachmann Topic: Energy & Climate, European Macroeconomics & Governance Date: July 1, 2021
Read about event More on this topic
 

Past Event

Past Event

EU debt vs national debts: friends or foes?

The EU will become into a major issuer of safe assets in the coming years. How will this interact with the debt issuance of European sovereign debts?

Speakers: Grégory Claeys, Yves Jacob, Gert-Jan Koopman, Pablo de Ramón-Laca and Imène Rahmouni-Rousseau Topic: European Macroeconomics & Governance Date: June 29, 2021
Read about event More on this topic
 

Past Event

Past Event

How to spend it? A closer look at the recovery plans

In this event, participants will take a closer look at the recovery plans submitted by EU countries.

Speakers: Zsolt Darvas, Alex Patelis and Maarten Verwey Topic: European Macroeconomics & Governance Date: June 23, 2021
Read article More on this topic More by this author
 

Podcast

Podcast

The skills of the future

What challenges and opportunities does technology bring to the labour market?

By: The Sound of Economics Topic: Innovation & Competition Policy Date: June 23, 2021
Read about event More on this topic
 

Past Event

Past Event

Conference on the Future of Europe: Vehicle for reform versus forum for reflection?

At this policy dialogue organised by the research project EU3D, 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 and their patterns, including preliminary findings on national parliamentary debates.

Speakers: Sergio Fabbrini, John Erik Fossum, Magdalena Góra, Vivien Schmidt, Manfred Weber and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: June 16, 2021
Read about event More on this topic
 

Past Event

Past Event

The Recovery and Resilience Fund: Accelerating the digitalisation of the EU?

How can new EU funds financed by EU borrowing supplement national digital and green funding and EU funds available from the standard seven-year EU budget to accelerate digitalisation?

Speakers: Sam Blackie, Zsolt Darvas, Maria Teresa Fabregas Fernandez, J. Scott Marcus and Ben Wreschner Topic: European Macroeconomics & Governance Date: June 8, 2021
Read about event More on this topic
 

Past Event

Past Event

Women, Covid-19 & The EU Recovery Plan

How can we ensure that the recovery plan doesn’t leave women behind when 84% of working women in the EU aged 15-64 are employed by services that were predominantly impacted by Covid-19 restrictions?

Speakers: Mary Collins, Maria Demertzis, Alexandra Geese, Jacob Funk Kirkegaard, Dan Mobley, Naomi O'Leary and Emma Rainey Topic: European Macroeconomics & Governance Date: June 2, 2021
Read about event More on this topic
 

Past Event

Past Event

Paris Reinforce: From Numbers to Insights: How to think about economic-climate modelling

Join us for the presentation of ‘From Numbers to Insights: How to think about economic-climate modelling’.

Speakers: Haris Doukas, Ajay Gambhir, Glen Peters, Georg Zachmann and Ewelina Daniel Topic: Energy & Climate Date: May 26, 2021
Read about event More on this topic
 

Past Event

Past Event

The work of the future: How are new jobs created and what are the implications for labour markets?

Join us for a presentation of 'New Frontiers: The Origins and Content of New Work, 1940 — 2018' by David Autor (MIT and NBER) and the findings on the source of 'new work' followed by a discussion with an invited panel of academics and policy makers.

Speakers: David Autor, Maarten Goos, Barbara Kauffmann and Georgios Petropoulos Topic: Innovation & Competition Policy Date: May 25, 2021
Load more posts