This piece was first published on Philosophical Disquisitions. We’re all familiar with the headlines by now: “Robots are going to steal our jobs”, “Automation will lead to joblessness”, and “AI will replace human labour”. It seems like more and more people are concerned about the possible impact of advanced technology on employment patterns. Last month, Lawrence Summers worried about it in the Wall Street Journal but thought maybe the government could solve the problem. Soon after, Vivek Wadhwa worried about it in the Washington Post, arguing that there was nothing the government could do. Over on the New York Times, Paul Krugman has been worrying about it for years.
But is this really something we should worry about? To answer that, we need to distinguish two related questions:
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The Factual Question: Will advances in technology actually lead to technological unemployment?