Stanford Economist Now Believes an AI Job Apocalypse Is Unlikely

"There is still no sign of economy-wide job destruction," says economist Erik Brynjolfsson. Working with researchers at the Stanford Digital Economy Lab, Brynjolfsson has determined an AI "job apocalypse" is unlikely, reports the Washington Post, "even though it will likely impact entry-level jobs." And Brynjolfsson "predicts that demand for experienced workers such as senior coders will still be high even if AI takes on more routine knowledge and coding work in the future." Earlier this month, Brynjolfsson and his colleagues at the Stanford Digital Economy Lab updated their widely publicized report, "Canaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial Intelligence," to reflect that they do not see widespread, economy-wide job displacement associated with AI... Brynjolfsson: What has moved on the upside is productivity. Nonfarm business productivity growth is running over 2 percent, the best sustained stretch since the late-1990s boom... The gains show up years after the investment, and they're starting to show up... By 2030, we will have enormously more capable AI, meaningfully faster productivity growth and an unemployment rate that looks unrema