There is a lively debate happening across various corners of the internet and the hallways of academia: In the coming decades, will advances in Artificial Intelligence (AI) render human labor unnecessary?
At first blush, economic data suggest little reason to worry. American businesses in recent years have needed more and more humans: 15 million new private-sector jobs have been created since early 2010. At the same time, what economists refer to as labor productivity (economic output per human hour worked) has grown disappointingly slowly. If robots were on track to replace most human jobs the opposite would be the case: The economy would produce more with fewer workers.
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