Economics101: Automation need not endanger human jobs

Economics101: Automation need not endanger human jobs

Many people are terrified that automation and artificial intelligence are the beginning of the end for human jobs. ISAAC LAWRENCE/AFP Many people are terrified that automation and artificial intelligence are the beginning of the end for human jobs.

The result is dystopian visions of a world where most humans do nothing all day, being denied a dignified existence, while an elite class who own and control robots amass immeasurable wealth. Are such fears well-founded?

Before we discuss the latest research, it is worth noting an old but still instructive observation made by the British economist Nicholas Kaldor in 1961. Decades of […]

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