Economic aspects
Nico Paulus
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Some schools, or almost every school in America in the case of something such as the SATs, are already using machines in education. Even though these are just machines, people worry that the use of machinery, or even some small pieces of AI already implemented, could have negative implications on children.
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How does this affect the economy? Well, if you use a machine to correct a test, you don't have to pay a teacher, you only need to buy a machine once, refill the ink, and repair it once in a while. This already lowers the cost substantially, and it's only the beginning. There are driving school all over, where you have to take several classes before being allowed to take the theoretical test. Now you can simply take an online course, get a certificate mailed to you, and then take the test. When it comes to questions the program cannot answer, it is still possible to contact a person to help you.
Robots used to teach english in South Korea
Sources:
http://www.roboticstrends.com/article/how_robotics_is_impacting_education
https://www.digitaltrends.com/computing/how-ai-is-changing-education/
https://venturebeat.com/2017/07/23/14-ways-ai-will-impact-the-education-sector/
http://www-03.ibm.com/ibm/history/ibm100/us/en/icons/testscore/
Even though there are already so many changes to schools and pricing, many jobs would also change. In places like Silicon Valley being a programmer is already more "important" than other jobs. Many jobs, like fast-food restaurants, are already being taken over by robots, some of which could already be considered AI. This takes away many basic jobs while creating more jobs for engineers and programmers.
On top of the amount of money that can be saved on education, it makes it easier and even more accurate, as a teacher can make mistakes even if they have been teaching a subject for the majority of their life. Schools would eventually be replaced by either online programs or even interactive robots. This would make teachers nearly obsolete, only requiring a few engineers and programmers to maintain and periodically improve the soft- and hardware, and a few teachers to give the programmers the learning material.
Machine used for correcting Fill-in-Bubble tests