Recent advances in artificial-intelligence (AI) technology have raised the spectre of mass displacement in labour markets. It is no longer just blue-collar factory and construction jobs that are at risk of being taken over by machines; a wide range of professional and service jobs have become newly vulnerable as well.
In the US, up to 47% of all jobs could be automated in the coming years. So, is the world headed toward economic devastation, or will this era of job destruction also bring comparable levels of job creation?
An innovation’s impact on employment depends on the ratio between its […]
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