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The White Collar Job Bust Will Eventually Boom [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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International Conference on Humanoid Robots in Madrid on November 18, 2014. his is not Michelangelo's "The Creation of Adam," but calls it to mind as a metaphor for the need for humans to imbue robots with the spark of guidance. AFP PHOTO/ GERARD JULIEN (Photo by GERARD JULIEN / AFP) (Photo by GERARD JULIEN/AFP via Getty Images) AFP via Getty Images The current narrative on the employment impact of AI is pretty dark. It goes like this: As AI gets more capable, companies need fewer people. Whole categories of jobs (though mostly white-collar) disappear. We're already seeing mass layoffs attributed to (as yet mostly unrealized) AI productivity gains. This is for sure causing some economic disruption and suffering, but the end game here is likely to be incredibly positive for those same categories of employment. The reason is that AI isn't just replacing workers so much as it's changing the economics of work itself. And that is very likely to produce a different outcome than people
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