That technological change can cause short-term job losses is widely accepted. The view that it can lead to lasting increases in unemployment has long been controversial. That previous technological improvement has increased productivity and replaced human manual labor, is a fact, but future technological improvements associated with artificial intelligence could replace, not only human physical labor but also those requiring a sharp mind and creativity.

Advertisements

In this Big Think clip, Joscha Bach Ph.D. talks about this very problem from an optimistic view point and what it might imply for our societies with e.g. universal Basic Income.

Bach is an AI researcher who worked and published about cognitive architectures, mental representation, emotion, social modeling, and multi-agent systems.