AI, automation unlikely to lead to mass unemployment

AI, automation unlikely to lead to mass unemployment

Despite dire predictions, history and demographics suggest that burgeoning technologies (including automation, artificial intelligence and robotization) will not lead to substantial job losses, finds a new essay series released today by Vancouver-based Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “While some believe the rise of artificial intelligence and other technologies will lead to massive unemployment, the effect will likely resemble past experiences with other new technologies—new jobs will emerge as businesses and workers adapt,” said Steven Globerman, Fraser Institute senior fellow, contributing editor and author of the essay Artificial Intelligence and Employment: Will History Repeat?

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