🤖 AI and the Future of Labor: Will Human Work Endure? 💼

As artificial intelligence continues to advance, many fear it will lead to widespread automation, making human labor obsolete and driving down wages. But is this truly our future?

🔑 Key Insights:
Historical Perspective: Over the past 200 years, despite waves of transformative technology, the labor share of GDP has remained remarkably stable.

Four Balancing Effects:
1️⃣ Increased productivity boosts overall demand.
2️⃣ More available capital complements human labor.
3️⃣ Technological advances improve capital productivity.
4️⃣ Automation creates entirely new tasks that require human expertise.

Rather than eliminating the need for human workers, AI may instead reshape labor markets, creating opportunities alongside challenges.

🛠️ The Bottom Line: While AI will automate many tasks, it’s unlikely to render human labor obsolete. Instead, it could redefine how and where we contribute, emphasizing adaptability and new skills.
What’s your take on AI’s impact on jobs? Do you see it as a threat or an opportunity? 💭
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