“Defending Digital” Series, No. 7: Remember all those breathless warnings that artificial intelligence would soon eliminate a wide range of “routine” jobs? So far, pretty much the opposite has occurred. Given today’s widespread worker shortages, corrosive inflation, and vast societal challenges, America clearly needs all the automation it can get.
As with many famous anecdotes, the accounts vary. When Milton Friedman was visiting India in the 1960s, he saw men digging a canal with shovels. When he asked why the workers didn’t use modern earth-moving equipment, he was told that using shovels created more jobs, to which Friedman is said […]
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