Should economists be more concerned about AI?
Something interesting that I learned recently from a former Dean of the Industrial Labor Relations School at Cornell:<p>Worry over automation destroying jobs is almost as old as automation itself. Researchers have yet to find solid evidence that automation has ever destroyed jobs. Now, that of course, doesn&#x27;t mean that this is some immutable law of the universe that automation will never destroy jobs. But it does mean we should look very skeptically at all the hand wringing over the impending robot job stealing.<p>It&#x27;s also important to note that this result is global, not local. The employment situation in the US is obviously different today than it was in the 70s. That may well be due to technology &#x2F; automation. But jobs haven&#x27;t been destroyed, they&#x27;ve just moved to different places.