Found 2 article(s) for author 'artificial intelligence'

David Deming on Education and Social Mobility, the Labor Markets of the Future, and Solutions for Income Inequality

David Deming on Education and Social Mobility, the Labor Markets of the Future, and Solutions for Income Inequality May 2019. GrowthPolicy’s Devjani Roy interviewed David Deming, Professor of Public Policy, Education, and Economics at Harvard Kennedy School and Harvard Graduate School of Education and Director of the Harvard Inequality and Social Policy Program, on higher […]

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Ownership when AI robots do more of the work and earn more of the income

Ownership when AI robots do more of the work and earn more of the income. Richard Freeman, May 2, 2018, Paper, “The purpose of this paper is to examine the likely impact of AI robotics technology on the labor market through the lens of comparative advantage. Design/methodology/approach The first section reviews the recent success of AI in outperforming humans in cognitive intense activities such as Go, poker and other strategic games, which portends a shift in comparative advantage in human brain power work to machines. It notes the potential for a portfolio of specialized computer algorithms to compete with human general intelligence in work. The analysis contributes to the debate between economists dubious about claims that AI robotics will disrupt work and futurists who expect many jobs to be fully automated in coming years. It advances three “laws of robo-economics” to guide thinking about the new technologies and presents evidence that growing robot intensity has begun to impact the job market.Link

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