Source: American Institute for Economic Research
by Art Carden
“Maybe it’s a law of history: every innovation faces opposition. The early nineteenth-century Luddites wrecked textile machinery because it took their jobs. Our innate suspicion extends to trade, too, which is, after all, just another technology for turning one thing into another. Apartheid-era white South Africans opposed efforts to modify the Colour Bar because they feared that African workers would take their jobs and reduce them to ‘uncivilized’ standards of living. Protectionists want to shield their fellow Americans from foreign competition. Artificial intelligence is the most recent worry …. once machines can solve problems, they will take all our jobs and cause mass unemployment. … some wonder if the robot apocalypse is finally upon us. We have heard this story before. It’s still wrong.” (09/19/24)
https://www.aier.org/article/artificial-intelligence-our-days-probably-arent-numbered/