Artificial intelligence could cost millions of jobs. The White House says we need more of it.

(Ron Edmonds/AP)The growing popularity of artificial intelligence technology will likely lead to millions of lost jobs, especially among less-educated workers, and could exacerbate the economic divide between socioeconomic classes in the United States, according to a newly released White House report. But that same technology is also essential to improving the country’s productivity growth, a key measure of how efficiently the economy produces goods. That could ultimately lead to higher average wages and fewer work hours. For that reason, the report concludes, our economy actually needs more artificial intelligence, not less. To reconcile the benefits of the technology with its expected toll, the report states that the federal government should expand access to education in technical fields and increase the scope of unemployment benefits. Those policy recommendations, which the Obama administration…


Link to Full Article: Artificial intelligence could cost millions of jobs. The White House says we need more of it.

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