Will Artifical Intelligence Mean Massive Job Loss?

BY ARTHUR MACEWAN | September/October 2016 Dear Dr. Dollar: What’s the story with artificial intelligence and jobs? Will the application of robotics to production really lead to massive unemployment?—Anonymous, via email In the late 1970s, my early years at the University of Massachusetts Boston (UMB), the Department of Economics had two secretaries. When I retired, in 2008, the number of faculty members and students in the department had increased, but there was only one secretary. All the faculty members had their own computers, with which they did much of the work that secretaries had previously done. I would guess that over those thirty years, the number of departmental secretaries and other secretaries in the university declined by as many as 100, replaced by information technology—what has now become the foundation…

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