How AI startups can affect employment

Automation of jobs due to technology advancements is a well-known issue. In his 2016 State of the Union Address, U.S. President Barack Obama warned that technology "doesn't just replace jobs on the assembly line, but any job where work can be automated." Obama was not the first U.S. President to be concerned about automation, however. John F. Kennedy in 1962 said that the major domestic challenge of the decade was "to maintain full employment at a time when automation … is replacing men." Despite these concerns, automation did not lead to quick and total job losses -- neither in the 1960s, nor in the last century, nor even now.