Harvard Business Review

The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

The fear that machines will replace human labor is a durable one in the public mind, yet most economists have viewed “the end of humans in jobs” as a groundless fear, inconsistent with the evidence. The standard view of technical change is that some jobs are displaced by the substitution of machines for labor, but that the fear of total displacement is misplaced because new jobs are created, largely due to the technology-fueled increase in productivity.

Yes, there are reasons for concern. Machines are now able to take on less-routine tasks, and the current transition is occurring during an era in which many workers are already struggling. Nonetheless, with the right policies we can get the best of both worlds: automation without rampant unemployment...

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