Artificial Intelligence's Impact On Jobs Is Nuanced - AI Summary

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For a worker losing his or her job to automation, knowing that an AI programming job is being created elsewhere is of little solace. "Instead, we believe that--like all previous labor-saving technologies--AI will enable new industries to emerge, creating more new jobs than are lost to the technology," the report's authors, led by Thomas Malone, director of the MIT Center for Collective Intelligence, conclude. "Though these technologies will eliminate some jobs, they will create many others," the report's team of authors, led by BCG's Rainer Strack. "For example, eliminating 10 million jobs and creating 10 million new jobs would appear to have negligible impact. Computers tend to perform well in tasks that humans find difficult or time-consuming to do, "but they tend to work less effectively in tasks that humans find easy to do," the report notes. For a worker losing his or her job to automation, knowing that an AI programming job is being created elsewhere is of little solace. "Instead, we believe that--like all previous labor-saving technologies--AI will enable new industries to emerge, creating more new jobs than are lost to the technology," the report's authors, led by Thomas Malone, director of the MIT Center for Collective Intelligence, conclude. "Though these technologies will eliminate some jobs, they will create many others," the report's team of authors, led by BCG's Rainer Strack. "For example, eliminating 10 million jobs and creating 10 million new jobs would appear to have negligible impact.

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