Do we understand the impact of artificial intelligence on employment? Bruegel

In my previous blog on artificial intelligence (AI), I dealt with the general characteristics of AI and machine learning. Thanks to complex virtual learning techniques, machines are now able to perform a wide range of physical and cognitive tasks. And the efficiency and accuracy of their work is expected to increase as AI systems advance through machine learning, big data and increased computational power. The benefits are clear, but there are also concerns for the future of human work and employment. If indeed machines continue to improve their performance beyond human levels, a natural question to ask is whether machines will put humans' jobs at risk and reduce employment.