Economists Are Drawing Stronger Connections Between A.I. and Jobs
The New York Times • • business
Key Points:
- Economists have traditionally been skeptical about artificial intelligence's immediate impact on the labor market, often attributing rising unemployment and layoffs to other economic factors or mismanagement rather than A.I.
- Recently, economists have begun to acknowledge the potential for A.I. to significantly disrupt the job market in the near future, expressing concern that policymakers may not be prepared for such changes.
- A recent survey of economists indicates most expect moderate economic growth due to A.I. over the next five to 25 years, with the possibility of rapid technological improvement leading to faster growth, increased inequality, and substantial job losses.
- Experts like Daniel Rock and Ezra Karger emphasize that while A.I. has not yet transformed productivity or employment significantly, its impact is anticipated and is being taken seriously within the economic community.
