Your employer is (probably) unprepared for artificial intelligence
That is bad news for your earnings—and the broader economy
To understand the impact that artificial intelligence may have on the economy, consider the tractor. Historians disagree about who invented the humble machine. Some say it was Richard Trevithick, a British engineer, in 1812. Others argue that John Froelich, working in South Dakota in the early 1890s, has a better claim. Still others point out that few people used the word “tractor” until the start of the 20th century. All agree, though, that the tractor took a long time to make a mark. In 1920 just 4% of American farms had one. Even by the 1950s less than half had tractors.
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This article appeared in the Finance & economics section of the print edition under the headline “Machine dreams”
Finance & economics July 22nd 2023
- Your employer is (probably) unprepared for artificial intelligence
- How much trouble is China’s economy in?
- The dollar’s dip will not become a sustained decline
- Big tech’s dominance is straining the logic of passive investing
- America’s big banks are in rude health—with one exception
- Instant payments finally reach America with FedNow
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