Daron Acemoglu, a professor from MIT (Massachusettes Institute of Technology) and Pascual Restrepo, a professor from Boston University published a paper earlier this month, titled, “The Wrong Kind of AI? Artificial Intelligence and the future of Labor Demand”.
In the paper, professors talk about how recent technological advancements have been biased towards automation, thereby, changing the focus from creating new tasks to productively employ labor. They argue that the consequences of this choice have been ceasing the labor demand, decreasing labor share in national income, increasing equality, and low productivity growth. Automation technologies do not increase labor’s productivity
Professors […]
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