Tag: productivity

Does technology help or hurt employment?

This is part 2 of a two-part MIT News feature examining new job creation in the U.S. since 1940, based on new research from Ford Professor of Economics David Autor. Part 1 is available here .

Ever since the Luddites were destroying machine looms, it has been obvious that new technologies can wipe out jobs. But technical innovations also create new jobs: Consider a computer programmer, or someone installing solar panels on a roof.

Overall, does technology replace more jobs than it creates? What is the net balance between these two things? Until now, that has not been measured. But […]

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market,” David Autor, a labor economist at the Massachusetts Institute of Technology, wrote. David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.

But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices […]

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market,” David Autor, a labor economist at the Massachusetts Institute of Technology, wrote. David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.

But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices […]

Blockchain technology, robotics and automation transforming the manufacturing industry

Blockchain technology, robotics and automation transforming the manufacturing industry

Representative Image

Blockchain technology is a system of storing and transferring data in a decentralized, distributed and secure way using cryptography and consensus mechanisms. By applying blockchain technology to the manufacturing sector, it is possible to achieve operational excellence, product authenticity, consumer experience and quality of care. Blockchain technology can also help manufacturers to streamline operations, gain greater visibility into supply chains and track assets with unprecedented precision. Moreover, blockchain technology can enable collaboration and innovation among different stakeholders in the industry, by lowering barriers to entry and fostering trust.

Blockchain technology is a revolutionary innovation that can transform […]

Guest Opinion: Common fallacies impede sound policy

Guest Opinion: Common fallacies impede sound policy

John Hood By John Hood

RALEIGH — Those who advocate rational public policy, based on a thorough understanding of the principles of human action and the benefits of voluntary exchange, are bound to be disappointed much of the time.

That’s not an argument against fighting for freedom. But it is an argument for realism and for keeping expectations low — so you can be pleasantly surprised when policymakers resist political temptations and make good decisions, whether they be here in North Carolina or in Washington, D.C. (Just kidding about the latter possibility.)Why do policymakers so often get things wrong? Bryan […]

Exploring the Impact of Generative AI on Job Reduction

Generative Artificial Intelligence (AI) technologies, particularly those built on deep learning algorithms like Generative Adversarial Networks (GANs) and transformers, have garnered significant attention in recent years for their ability to create realistic content such as images, videos, text, and even music. While these advancements hold promise for revolutionizing various industries and enhancing human creativity, there are concerns regarding the potential impact of generative AI on the job market. This article delves into the intricate relationship between generative AI and employment, examining both the opportunities and challenges it presents.

The Rise of Generative AI:

Generative AI algorithms have made remarkable […]

Does technology help or hurt employment?

Does technology help or hurt employment?

Combing through 35,000 job categories in U.S. census data, economists found a new way to quantify technology’s effects on job loss and creation. Images for download on the MIT News office website are made available to non-commercial entities, press and the general public under a Creative Commons Attribution Non-Commercial No Derivatives license . You may not alter the images provided, other than to crop them to size. A credit line must be used when reproducing images; if one is not provided below, credit the images to "MIT." This is part 2 of a two-part MIT News feature examining new […]

Tech advances to cause job displacements

Tech advances to cause job displacements

Tech advances to cause job displacements Technological advancements hold the promise of improving efficiency, increasing productivity, and enhancing our quality of life. However, alongside these benefits, there is growing concern about the displacement of jobs resulting from automation and digitization. Many traditional jobs will become obsolete, leaving millions of workers without employment opportunities.

The rapid advancement of technology, particularly in areas such as artificial intelligence, robotics, and machine learning, has already begun to reshape industries and redefine the nature of work. Tasks and roles that were once performed by humans are now being automated, leading to fears of widespread job […]

Is AI Killing Our Jobs?

Is AI Killing Our Jobs?

Is AI Killing Our Jobs?

Abhi chavda

· Follow 3 min read·7 hours ago Over the past few days, my colleagues have been discussing how AI is going to take our jobs, which has kept me thinking. On that same day, I decided that I would share my detailed opinion on this matter.To begin with, just a month ago, I had zero knowledge of how ChatGPT works. In the past few days, I’ve embarked on researching artificial intelligence (AI) and learning Python. Obviously, it’s not easy, but the deeper I delve, the more excited I become. Personally, I’ve […]

Three Perspectives on the Future of AI

Three Perspectives on the Future of AI

AEIdeas

March 29, 2024

Is AI the end of the world, a new beginning, or just another chapter in the history of humans and their machines? In a thought-provoking trialogue , three leading experts, Daron Acemoglu, Adam Thierer, and Erik Brynjolfsson weigh in on these questions, exploring the evolving landscape of work, technology, and economic prosperity in today’s economy.While it sounds like the setup for a joke, the papers could be summarized as “a pessimist, an optimist, and a realist walk into a bar to talk AI.” Acemoglu plays the role of the concerned pessimist. Consistent with this recent book, […]