The Economist on Eric A. Posner's "Radical Markets"
What if people were paid for their data?
Labour, like data, is a resource that is hard to pin down. Workers were not properly compensated for labour for most of human history. Even once people were free to sell their labour, it took decades for wages to reach liveable levels on average. History won’t repeat itself, but chances are that it will rhyme, Mr Weyl predicts in “Radical Markets”, a provocative new book he has co-written with Eric Posner of the University of Chicago. He argues that in the age of artificial intelligence, it makes sense to treat data as a form of labour.
To understand why, it helps to keep in mind that “artificial intelligence” is something of a misnomer. Messrs Weyl and Posner call it “collective intelligence”: most AI algorithms need to be trained using reams of human-generated examples, in a process called machine learning. Unless they know what the right answers (provided by humans) are meant to be, algorithms cannot translate languages, understand speech or recognise objects in images. Data provided by humans can thus be seen as a form of labour which powers AI. As the data economy grows up, such data work will take many forms. Much of it will be passive, as people engage in all kinds of activities—liking social-media posts, listening to music, recommending restaurants—that generate the data needed to power new services. But some people’s data work will be more active, as they make decisions (such as labelling images or steering a car through a busy city) that can be used as the basis for training AI systems.
Read more at The Economist