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AI And Robots Do Not Necessarily Lead To Mass Unemployment

September 12th, 2017 · No Comments

  • The US labor market has been buffeted by structural change, mostly caused by automation, leaving many people behind and fueling a populist revolt.
  • With the advent of AI and robotics, the pace of structural change is only likely to accelerate.
  • Rather than retreat into economic nationalism and protectionism, the US could learn from other country experiences.
  • Japan and China are showing that automation doesn’t necessarily have to produce widespread dislocation and can even be embraced.
  • Other countries have  labor market institutions that are better equipped to deal with big shocks.

Source: AI And Robots Do Not Necessarily Lead To Mass Unemployment | Seeking Alpha

Tags: AI · Automation