The Fear of Mass Unemployment due to Artificial Intelligence and Robotics Is Unfounded

Source: Ludwig von Mises Institute
by Raushan Gross

“eople are arguing over whether artificial intelligence (AI) and robotics will eliminate human employment. People seem to have an all-or-nothing belief that either the use of technology in the workplace will destroy human employment and purpose or it won’t affect it at all. The replacement of human jobs with robotics and AI is known as ‘technological unemployment.’ Although robotics can turn materials into economic goods in a fraction of the time it would take a human, in some cases using minimal human energy, some claim that AI and robotics will actually bring about increasing human employment.” (03/16/23)