What Happens When The Economy Grows Without Us?
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Higher productivity often leads to prosperity through cheaper goods and better wages. This usually involves producing more with less effort. There is a concern that artificial intelligence might speed up the reduction of effort without providing new work quickly enough for displaced workers.
Higher productivity is an easy ambition to applaud until the productivity gain is your job. Producing more with less effort has generally meant greater prosperity, with cheaper goods, better wages and new work replacing the old. Artificial intelligence could accelerate the first part of that process without delivering the rest quickly enough for the people … Continued •