Could AI lead to more jobs?
According to MIT's David Autor, a top labor economist, AI could be used to rebuild the middle class by creating new job opportunities for those who have been left behind by the economy in recent decades. Autor suggests that with the right policies, AI could make a wider range of workers much better at a range of jobs, lowering barriers to entry and creating new opportunities. This could lead to a more prosperous and equal economy. Autor's research shows that computers have been great for the jobs of high-income, college-educated workers but not so great for everyone else, which has created job polarization. Computers have killed a range of jobs in manufacturing and offices that once provided solid opportunities to Americans without a college degree. However, new empirical evidence suggests that the age of AI could be different. Autor is hopeful that AI could assist less-skilled and non-college-educated workers, providing them with a significant boost. The right policies and a...