Source: CounterPunch
by Dean Baker
“There is widespread concern that AI will lead to mass unemployment in the years ahead. As I and others have pointed out, we have yet to see any evidence of this in the data on job growth or productivity. But maybe we just have to wait a bit longer. But the idea that AI will eliminate all the jobs ignores the ways that creative entrepreneurs can develop new industries that require hundreds of thousands, or even millions of employees. These new industries may contribute nothing to well-being, but they create jobs. The best example of this sort of waste is the financial industry.” (05/14/26)