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AI And The Phantom Worker: The Story That They Never Told You
The popular idea that AI & robotisation leads to unemployment is simply not supported by data, write Mobius & Mukherjea.
14 Dec 2020, 07:38 AM IST
The popular idea that artificial intelligence and robotisation leads to unemployment is simply not supported by data. Data for the last 10-20 years shows a different trend altogether – human development, skilling, and education are the key determinants of low unemployment rates. Moreover, the anecdotal evidence increasingly suggests that new technology creates, rather than destroys, jobs.
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