Rise of Robots–A benefit or threat for Economy and Humans

With the rise of robots in the world, there are a lot of chances that it will affect the economy of the world. Some thought-provoking questions arise. Will robots replace human beings? Also, Robots can be multi-tasking. They can perform a variety of tasks such as write articles, land flights, and some emotional robots can also be your best friend or your loyal pet.

Humans have made progress in most of the fields, mainly because of advancements in technology. From the invention of the steam engine to the internet, everything has played a crucial role in the road of continuous progress. It has become a threat to humans as it may overtake their jobs.

Narrow Artificial Intelligence

According to a survey, robots may take 47% of the world’s jobs in the next few coming years. It is a big problem, not a science fiction story. It includes what we call narrow artificial intelligence, which can do fairly general routine, foreseeable things.

First-Generation Robots

First-generation universal robots will accurately handle only possibilities present in their application programs. They are unable to adapt to changes. Often they may perform improperly or might stop at all. Also, a lot of physical power is expected in business, markets, streets, and homes that robots could begin to take hold of information technology commercially.

Second-Generation Robots

The second generation of a universal robot with a mouse-like 100,000 MIPS will modify as the first generation does not and even can be trained.

For example, it will be positive to do everything at a fast speed, and keeping its power and battery charged up fully and breaking something will negative. From minor working to working indoors and outdoors, there will be several different ways to complete various processes of an application program. Second-generation robots will accomplish tasks more in a better way and will be more modified. 

Third-generation Robots

Monkeylike vs. million MIPS will allow third-generation robots to be faster in their actions; they will have the ability to learn more quickly. It will model different factors. Physical properties include form, heaviness, power or strength, quality, and appearance of various things and ways to handle them. Psychological factors that are applied to humans and robots are identical, which include goals, judgments, sensation, and preferences. Developing the simulators will be a considerable attempt involving thousands of programmers and experience-gathering robots. It would let a robot learn a skill by stimulation and afford a kind of alertness. For example, if a robot will be asked that why flickering candles are placed on the table? A third-generation robot might confer its incentive of house, its owner, and self to answer that the owner likes candle-light dinner and it is done so to please him.

Fourth-generation Robots

Fourth-generation universal robots with a humanlike 100 million MIPS will be speculative, ideational, and generalize. They will result from a fusion of robust reasoning programs to third-generation machines. They are contemplated as future robots. They are androids or humanoids. These reasoning programs will be more advanced and practical. They consist of some sophisticated sensors that allow it to adapt them according to the condition. They will be able to make decisions and analyze seismic data to detect oil deposits, and so on.

Flipping burgers or Factory tasks

It could be assembling burgers or a lot of factories and industrial tasks or several jobs. One of the most dramatic impacts is not going to call for actual robots. It’s going to involve its software. Some of the people most intimidate are what we might call office drones, people who sit in front of desktops doing regular daily work, formulaic things. If your job is to do the same thing daily, then the software is better at doing that. We already have a bulk of examples in this, even in journalism. There’s a smart software that can write essential news stories or articles. 

Effect on the world’s economy

Eventually, it could have a dramatic effect, and I think we have already started facing it. As you remove workers and people become unemployed or their income decreases, consumers will have fewer chances to get hold of the products and services produced by the world’s financial state. As a result, there will be less and less call for some particular things. Economists all over the globe are talking about this issue. 

For example, In Europe, there are discussions about inflation because there is not enough call for various products and services. However, there would be a lot of people who are either unemployed or are financially struggling. They won’t have a considerable income to spend.

Era of Technology

The World is making progress only because of this technology. If we compare the condition of the world 100 years ago with the present situation, so it is way better than 100 years ago. Technology is the reason behind it. The problem is that things are more accessible than they were before. Technology has reached an inflection point. It has various benefits, including providing us with useful information, keeping us up-to-date with everything happening around the globe. The best example of that is the homeless person who has a smart android phone and can go to Starbucks or Tim Horton’s and access all the latest digital market that is out there but has no place to live.

Replacement of Humans

The robots haven’t just set a mark in the workplace; they have skills in almost every field, including the corporate ladder, showing incredible productivity and fast working speed. A multi-tasked robot can assemble the whole burger in only 10 seconds, which indicates the chances that it will soon replace the human’s crew. The way the world is advancing in the field of technology shows that in the next few years computers, machines, robots all will take the place of human beings in factories, industries, markets and almost everywhere.