Artificial Intelligence, jobs and the Pareto Principle - Marchex

With the rise of artificial intelligence, it's very likely that robots will soon be replacing some U.S. jobs. According to a new Brookings Institution report, a quarter of U.S. jobs will be severely disrupted as artificial intelligence (AI) accelerates the automation of existing work. The report explains how roughly 36 million Americans hold jobs with high exposure to automation. However, many economists have found that AI and automation have an overall positive effect on the labor market. Matias Cortes, an assistant professor at York University, explains in this interview at the Warwick Economic Summit how these trends can create economic growth, reduce prices, and increase demand while also creating new jobs that make up for those that disappear.