For Clues About How A.I. Will Change Work, Look to the Past
Economists hope earlier episodes of labor disruption, from the Industrial Revolution to the Great Depression, can help us prepare for the age of artificial intelligence.
TL;DR
- In 1931, economists discussed technology's threat to American workers, citing examples like dial telephones replacing switchboard operators and "talkies" impacting movie musicians.
- Economists noted that while technological disruptions were not new, the pace and scale seemed greater during the Great Depression.
- Current economists are drawing parallels between artificial intelligence and past technological shifts when assessing its impact on the workforce.
- Key questions being asked include whether AI's benefits will be widespread, if new jobs will emerge to replace lost ones, and what role government should play in mitigating disruptions.