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Why AI Will Not Lead to a World Without Work

Predictions of technology-driven job destruction have a long history and correspondingly, a long record of failure. Angst about worker obsolescence ebbs and flows with each new generation of technology.

This research was published on August 15, 2024

In 1983, Wassily Leontief, a Nobel Prize-winning economist, concluded that human labour would go the way of the horse after the automobile arrived – “first diminished and then eliminated. Today, a new wave of doomsaying has emerged surrounding “technological unemployment” as AI, with its promise of business innovation, has marched to the forefront of economic debate.

 

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