AI will have a macroeconomic effect on job growth. Credit: Shutterstock Senior global economist Dario Perkins claims that AI will not result in the widespread job loss predicted by Goldman Sachs.
In a recent interview with macroeconomic forecasting consultancy TS Lombard, Perkins argued that, historically, technological development and unemployment rates are uncorrelated trends, and “technological unemployment is a myth”.
Perkins’ assertion comes amid widespread concerns of AI automation rendering many workers’ skills irrelevant.In March, Goldman Sachs published a report stating that AI could replace 300 million full-time jobs – and that generative AI is capable of completing a quarter of all […]
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