How to Protect Workers From Job-Stealing Robots
There is a lively debate happening across various corners of the internet and the hallways of academia: In the coming decades, will advances in Artificial Intelligence (AI) render human labor unnecessary? At first blush, economic data suggest little reason to worry. American businesses in recent years have needed more and more humans: 15 million new private-sector jobs have been created since early 2010. At the same time, what economists refer to as labor productivity (economic output per human hour worked) has grown disappointingly slowly. If robots were on track to replace most human jobs the opposite would be the case: The economy would produce more with fewer workers. Slow productivity growth gives rise to a mirror-opposite concern: Technological development isn’t happening fast enough. Productivity growth, often stemming from new technologies,…
Link to Full Article: How to Protect Workers From Job-Stealing Robots
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