Aug 3, 2017

How AI could create jobs

Peng Peng / AP

The Wall Street Journal has an interesting take on the rise of artificial intelligence: it won't sap away jobs from living, breathing humans. Instead, it'll increase employment opportunities across a number of different sectors for those who can interpret its outputs efficiently.

The argument: The rise of spreadsheet software in the 1980s hurt bookkeeping jobs, but it greatly increased demand for analysts and auditors — those who could correctly analyze the financial models and scenarios outputted by spreadsheets.

Why it matters: While artificial intelligence is likely to make some jobs become obsolete, it's just as likely to create unforeseen booms in the job market, perhaps in highly-skilled positions. For example, though an algorithm may be better at identifying malignant tumors in an MRI, that benefit will require doctors who can take advantage of the information provided.

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