According to a report by Salon, the impact of technological change on our labour market would be chaotic if it were too fast. Gradual improvements, such as those we have seen in the artificial intelligence industry in a fairly typical year, means the market has time to respond and adapt, taking advantage of new technologies. The report talks about the technological transition, stating that slow improvements in technology, that improve productivity and reduce costs to companies, will eventually create wealth and job growth stimulation in other areas requiring human skills.
According to a report by Salon, the impact of technological change on our labour market would be chaotic if it were too fast. Gradual improvements, such as those we have seen in the artificial intelligence industry in the last few years, means the market has time to respond and adapt, taking advantage of new technologies. The report talks about the technological transition, stating that slow improvements in technology, that improve productivity and reduce costs to companies, will eventually create wealth and job growth stimulation in other areas requiring human skills.