AI job takeover fears: Déjà vu strikes, history repeats employment worries.

TLDR: MIT Technology Review explores the history of concerns over technological unemployment and the potential impact of AI on the job market. In a 1938 article, MIT’s president argued that technological progress didn’t necessarily lead to fewer jobs, a viewpoint that still holds true today. While there are worries that advanced technologies like AI will replace human workers and decrease the demand for labor, historical evidence suggests that technology has created more jobs overall. However, there are concerns that technological unemployment may be a serious social problem for individuals and communities. The article emphasizes the importance of understanding economics to address job fears and highlights the need for AI companies to take responsibility for managing the impact of technology on workers.