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Automation And How Investing In Education May Keep The American Dream Alive

Forbes - Tech

The report anticipates economic effects across several fronts. AI, like any new technology, is key to growth because it increases output without requiring increases in labor or capital. "In the last decade, despite technology's positive push, measured productivity growth has slowed in 30 of the 31 advanced economies, slowing in the United States from an average annual growth rate of 2.5% in the decade after 1995 to only 1.0% growth in the decade after 2005," the report states. Any increase in aggregate productivity from adopting artificial intelligence would be a welcomed change. But the resultant job automation is causing alarm.

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  Genre: Research Report (0.51)