The idea that automation will drive up unemployment or drive down wages — in other words, that robots will take people’s jobs — has become almost an article of faith for many Americans.
Everyone can point to instances of automation reducing demand for certain workers. And with so-called artificial intelligence technology improving rapidly, there’s widespread worry that many humans will simply be made obsolete. News outlets are full of eye-grabbing forecasts of the percentage of jobs that will be replaced.
But those estimates are little more than guesswork. The truth is, nobody knows how many jobs will be replaced by automation, […]
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