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Why AI has not led to mass unemployment

By Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University
People have become used to living with AI fairly quickly. ChatGPT is barely three years old, but has changed the way many of us communicate or deal with large amounts of information.

It has also led to serious concerns about jobs. For if machines become better than people at reading complex legal texts, or translating languages, or presenting arguments, won’t those old fashioned human employees become irrelevant? Surely mass unemployment is on the horizon?

Yet, when we look at the big numbers…The Conversation


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