AI will have a major impact on labor markets. Here’s how the US can prepare

(Getty Images) Markets are the killer app for efficiently organizing unfathomably complex human activities to deliver innovation and prosperity. They can also shift suddenly, creating winners and losers, even as broad measures of economic health rise. We have some recent experience with this dichotomy. Turn-of-the-century automation breakthroughs and a globalized trade regime increased general prosperity — but they also left lasting and concentrated negative consequences for some workers and communities, especially in the industrial heartland. While it’s too early to say for certain, new technologies like artificial intelligence may cause similar disruptions. Getting ahead of those shifts to capitalize on evolving opportunities and avoid reliving the painful lessons will require better labor market information. A recent American Enterprise Institute (AEI) paper argues we need new data foundations that provide […]

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