Newslink: AI Will Take Longer To Change The World Than Forecasters Say
Artificial intelligence (AI) has become the stuff of dreams. For some, these dreams look more like nightmares in which large sections of the population become unemployable. As my recent discussion in Forbes showed, both history and economic logic argue that such fears miss likely realities. Some, of course, will suffer job loss, but ultimately, these technological innovations, just like all those before them, will create more jobs than they destroy. Certainly, efforts to meet an unlikely challenge with a government-provided universal basic income (UBI) will do little except perhaps reduce the size of the workforce and allow a few technology oligarchs to feel “woke.”