Job Displacement
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Job Displacement
The term technological unemployment is used to describe the loss of jobs caused by technological change. It is a key type of structural unemployment. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (automation), and humans' role in these processes are minimized. Just as horses were gradually made obsolete as transport by the automobile and as labourer by the tractor, humans' jobs have also been affected throughout modern history. Historical examples include artisan weavers reduced to poverty after the introduction of mechanized looms. Thousands of man-years of work was performed in a matter of hours by the bombe codebreaking machine during World War II. A contemporary example of technological unemployment is the displacement of retail cashiers by self-service tills and cashierless stores. That technological change can cause short-term job losses is widely accepted. The view ...
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Pyxis Pharmacy Robot By Nurse Station
Pyxis is a small and faint constellation in the southern sky. Abbreviated from Pyxis Nautica, its name is Latin for a mariner's compass (contrasting with Circinus, which represents a draftsman's compasses). Pyxis was introduced by Nicolas-Louis de Lacaille in the 18th century, and is counted among the 88 modern constellations. The Galactic plane, plane of the Milky Way passes through Pyxis. A faint constellation, its three brightest stars—Alpha Pyxidis, Alpha, Beta Pyxidis, Beta and Gamma Pyxidis—are in a rough line. At magnitude 3.68, Alpha is the constellation's brightest star. It is a blue-white star approximately distant and around 22,000 times as luminosity, luminous as the Sun. Pyxis is located close to the stars that formed the old constellation Argo Navis, the ship of Jason and the Argonauts. Parts of Argo Navis were the Carina (the keel or hull), the Puppis (the stern), and the Vela (the sails). These eventually became their own constellations. In the 19th century ...
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Classical Economists
Classical economics, also known as the classical school of economics, or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill. These economists produced a theory of market economies as largely self-regulating systems, governed by natural laws of production and exchange (famously captured by Adam Smith's metaphor of the invisible hand). Adam Smith's ''The Wealth of Nations'' in 1776 is usually considered to mark the beginning of classical economics.Smith, Adam (1776) An Inquiry into the Nature and Causes of The Wealth of Nations. (accessible by table of contents chapter titles) AdamSmith.org The fundamental message in Smith's book was that the wealth of any nation was determined not by the gold in the ...
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Ancient Egypt
Ancient Egypt () was a cradle of civilization concentrated along the lower reaches of the Nile River in Northeast Africa. It emerged from prehistoric Egypt around 3150BC (according to conventional Egyptian chronology), when Upper and Lower Egypt were amalgamated by Menes, who is believed by the majority of List of Egyptologists, Egyptologists to have been the same person as Narmer. The history of ancient Egypt unfolded as a series of stable kingdoms interspersed by the "Periodization of ancient Egypt, Intermediate Periods" of relative instability. These stable kingdoms existed in one of three periods: the Old Kingdom of Egypt, Old Kingdom of the Early Bronze Age; the Middle Kingdom of Egypt, Middle Kingdom of the Middle Bronze Age; or the New Kingdom of Egypt, New Kingdom of the Late Bronze Age. The pinnacle of ancient Egyptian power was achieved during the New Kingdom, which extended its rule to much of Nubia and a considerable portion of the Levant. After this period, Egypt ...
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Ancient China
The history of China spans several millennia across a wide geographical area. Each region now considered part of the Chinese world has experienced periods of unity, fracture, prosperity, and strife. Chinese civilization first emerged in the Yellow River valley, which along with the Yangtze River, Yangtze basin constitutes the geographic core of the Sinosphere, Chinese cultural sphere. China maintains a rich diversity of ethnic and linguistic people groups. The Chinese historiography, traditional lens for viewing Chinese history is the Dynasties of China, dynastic cycle: imperial dynasties rise and fall, and are ascribed certain achievements. This lens also tends to assume Chinese civilization can be traced as an unbroken thread Five thousand years of Chinese civilization, many thousands of years into the past, making it one of the Cradle of civilization, cradles of civilization. At various times, states representative of a dominant Chinese culture have directly controlled areas ...
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Vespasianus03 Pushkin
Vespasian (; ; 17 November AD 9 – 23 June 79) was Roman emperor from 69 to 79. The last emperor to reign in the Year of the Four Emperors, he founded the Flavian dynasty, which ruled the Empire for 27 years. His fiscal reforms and consolidation of the empire brought political stability and a vast building program. Vespasian was the first emperor from an equestrian family who rose only later in his lifetime into the senatorial rank as the first of his family to do so. He rose to prominence through military achievement: he served as legate of Legio II Augusta during the Roman invasion of Britain in 43, and later led the suppression of the Jewish rebellion of 66–70. While he was engaged in the campaign in Judaea, Emperor Nero died by suicide in June 68, plunging Rome into a year of civil war known as the Year of the Four Emperors. After Galba and Otho perished in quick succession, Vitellius became emperor in April 69. The Roman legions of Egypt and Judaea reacted by ...
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World Development Report
The World Development Report (WDR) is an annual report published since 1978 by the World Bank. Each WDR provides in-depth analysis of a specific aspect of economic development. Past reports have considered such topics as agriculture, youth, equity, public services delivery, the role of the state, transition economies, labour, infrastructure, health, the environment, risk management, and poverty. The reports are the Bank's best-known contribution to thinking about development. World Development Report 2021 World Development Report 2021: Data for Better Lives explores the tremendous potential of the changing data landscape to improve the lives of poor people, while also acknowledging its potential to open back doors that can harm individuals, businesses, and societies. It studies the various uses of data as a public good as well as harnessed by private players to enhance productivity. It explores the mechanism that could be put in place for ensuring the gainful and sustainable use ...
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World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ...
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Daron Acemoglu
Kamer Daron Acemoğlu (;, ; born September 3, 1967) is a Turkish Americans, Turkish-American economist of Armenians in Turkey, Armenian descent who has taught at the Massachusetts Institute of Technology since 1993, where he is currently the James Rhyne Killian, Elizabeth and James Killian Professor of Economics, and was named an List of Institute Professors at the Massachusetts Institute of Technology, Institute Professor at MIT in 2019. He received the John Bates Clark Medal in 2005, and the Nobel Memorial Prize in Economic Sciences, Nobel Prize in Economics in 2024. Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60" in a 2011 survey among American economists. In 2015, he was named the most cited economist of the past 10 years per Research Papers in Economics (RePEc) data. According to the Open Syllabus Project, Acemoglu is the third most frequently cited author on college syllabus, syllabi for economics courses ...
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Universal Basic Income
Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive a minimum income in the form of an unconditional transfer payment, i.e., without a means test or need to perform Work (human activity), work. In contrast, a ''guaranteed minimum income'' is paid only to those who do not already receive an income that is enough to live on. A UBI would be received independently of any other income. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line), it is considered a ''full basic income''; if it is less than that amount, it is called a ''partial basic income''. As of 2025, no country has implemented a full UBI system, but two countries—Mongolia and Iran—have had a partial UBI in the past. There have been Universal basic income pilots, numerous pilot projects, and the idea Universal basic income around the world, is discussed in many countries. Some have labelled UBI as utopian du ...
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Artificial General Intelligence
Artificial general intelligence (AGI)—sometimes called human‑level intelligence AI—is a type of artificial intelligence that would match or surpass human capabilities across virtually all cognitive tasks. Some researchers argue that state‑of‑the‑art large language models already exhibit early signs of AGI‑level capability, while others maintain that genuine AGI has not yet been achieved. AGI is conceptually distinct from artificial superintelligence (ASI), which would outperform the best human abilities across every domain by a wide margin. AGI is considered one of the definitions of Chinese room#Strong AI vs. AI research, strong AI. Unlike artificial narrow intelligence (ANI), whose competence is confined to well‑defined tasks, an AGI system can generalise knowledge, transfer skills between domains, and solve novel problems without task‑specific reprogramming. The concept does not, in principle, require the system to be an autonomous agent; a static model— ...
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Geoffrey Hinton
Geoffrey Everest Hinton (born 1947) is a British-Canadian computer scientist, cognitive scientist, and cognitive psychologist known for his work on artificial neural networks, which earned him the title "the Godfather of AI". Hinton is University Professor Emeritus at the University of Toronto. From 2013 to 2023, he divided his time working for Google (Google Brain) and the University of Toronto before publicly announcing his departure from Google in May 2023, citing concerns about the many risks of artificial intelligence (AI) technology. In 2017, he co-founded and became the chief scientific advisor of the Vector Institute in Toronto. With David Rumelhart and Ronald J. Williams, Hinton was co-author of a highly cited paper published in 1986 that popularised the backpropagation algorithm for training multi-layer neural networks, although they were not the first to propose the approach. Hinton is viewed as a leading figure in the deep learning community. The image-recognitio ...
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Post-work Society
In futurology, political science, and science fiction, a post-work society is a society in which the nature of work has been radically transformed and traditional employment has largely become obsolete due to technological progress. Some post-work theorists imagine the complete automation of all jobs, or at least the takeover of all monotonous, rule-based, predictable and repetitive (and thus unworthy of humans) tasks in the future by ultimately cheaper, faster, more efficient, more reliable and more accurate intelligent machines. Additionally, these machines can work in harsher conditions and for longer periods of time without stopping than humans, which is expected to lead to a transition period of rapid economic growth, despite high rates of ever-increasing human unemployment. Overall, this development is expected to lead to an enormous increase in prosperity, provided that the wealth is redistributed. Future directions Future directions include the reshaping of the huma ...
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