Advancements in AI are rewriting our entire economy

Once theorized as visions of a future society, technology like automation and artificial intelligence are now becoming a part of everyday life. These advancements in AI are already impacting our economy, both in terms of individual wealth and broader financial trends. It's long been theorized that a readily available machine workforce will make it more difficult for humans to keep their jobs, but automation may, in fact, offer up more even-handed consequences. Major changes are coming, but there's reason to believe these changes could benefit a broader range of stakeholders -- not just corporations who no longer have to worry about paying living wages (just parts and servicing). "It is far more an opportunity for growth," said Joshua Gans, holder of the Jeffrey S. Skoll chair of technical innovation and entrepreneurship at the University of Toronto's Rotman School of Management.