Business
A Simple Answer to AI Job Loss: Tax Capital, Not Labor
Economists don’t typically worry about machines replacing people. Job displacement is, after all, a natural byproduct of labor-saving technology. Interfering with that process goes against everything economists are trained to believe.
Artificial intelligence is starting to change that. More than 1,000 economists, including 17 Nobel laureates, were worried enough to sign an online petition circulated this month by Stanford University’s Erik Brynjolfsson warning of “large scale job displacement” from AI and pleading for action.
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