Estimates of job loss due to automation miss one big factor

Predicting the scale of AI-induced job losses has become a cottage industry for economists and consulting firms the world over. Depending on which model one uses, estimates range from terrifying to totally not a problem.

Since 2013, the most cited predictions include a study from Oxford University that predicted 47% of US jobs could be automated within the next decade or two; an Organization for Economic Cooperation and Development (OECD) report that suggested just 9% of jobs in the United...

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