Mark Cuban's solution for AI-caused labor disruptions
Some takeaways from my on-stage conversation yesterday with Mark Cuban, from yesterday's Lerer Hippeau CEO Summit in New York (yes, LH is an Axios investor).
Cuban is a major believer in the earthquake power of artificial intelligence and machine learning, arguing that massive labor disruptions are coming sooner than later. His proposed solution isn't universal basic income, but rather twofold:
- A lot of low-skilled jobs can be replaced by what will be an increased demand for data tagging and labeling. Not intellectually fulfilling work, but the 21st century version of an assembly line.
- A broad expansion of programs like Americorps, believing that macro economic benefits from automation can be reallocated to places school classrooms and domestic infrastructure projects.