Will Artificial Intelligence Increase Unemployment (And Why the Answer is No)

Will Artificial Intelligence Increase Unemployment (And Why the Answer is No)

Back in 1965, Hubert Dreyfus — professor of philosophy and a constant critic of artificial intelligence (AI) — said that a machine could never surpass human intelligence when it comes to a game of chess. Little did he know that he’d get checkmated by an MIT-built computer in only two years of his bold statement? And by 1997, scientists built machines smart enough to defeat Garry Kasparov — one of the greatest and finest chess minds of his time.

With the rapid technological advancements, computers are reaching new heights that were once deemed reachable only by humans. The immense growth and progress in areas such as artificial intelligence, machine learning, robotics, automation, 3D printing, IoT, and genetics have made it possible for computers to perform the tasks of music computers, surgeons, architects, and even a painter.

Put simply, AI and robotics are taking every industry by storm. In addition, the concern of AI and automation increasing unemployment is gaining traction with the latest AI innovations. As much as they are playing a crucial role in improving the accuracy of tasks and processes, their consequences on jobs that…