this post was submitted on 31 Jan 2024
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People are worried that AI will take everyone’s jobs. We’ve been here before. (www.technologyreview.com)
submitted 9 months ago by Womble@lemmy.world to c/technology@lemmy.world
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In a 1938 article, MIT’s president argued that technical progress didn’t mean fewer jobs. He’s still right.

Compton drew a sharp distinction between the consequences of technological progress on “industry as a whole” and the effects, often painful, on individuals.

For “industry as a whole,” he concluded, “technological unemployment is a myth.” That’s because, he argued, technology "has created so many new industries” and has expanded the market for many items by “lowering the cost of production to make a price within reach of large masses of purchasers.” In short, technological advances had created more jobs overall. The argument—and the question of whether it is still true—remains pertinent in the age of AI.

Then Compton abruptly switched perspectives, acknowledging that for some workers and communities, “technological unemployment may be a very serious social problem, as in a town whose mill has had to shut down, or in a craft which has been superseded by a new art.”

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[–] autotldr@lemmings.world 1 points 9 months ago

This is the best summary I could come up with:

Mechanical switching being adopted by the nation’s telephone network was wiping out the need for local phone operators, one of the most common jobs for young American women in the early 20th century.

Impressive recent breakthroughs in generative AI, smart robots, and driverless cars are again leading many to worry that advanced technologies will replace human workers and decrease the overall demand for labor.

Then Compton abruptly switched perspectives, acknowledging that for some workers and communities, “technological unemployment may be a very serious social problem, as in a town whose mill has had to shut down, or in a craft which has been superseded by a new art.”

Industrial robots had killed off many well-paying manufacturing jobs in places like the Rust Belt, and now AI and other digital technologies were coming after clerical and office jobs—and even, it was feared, truck driving.

In his farewell speech before leaving office in January 2017, President Barack Obama spoke about “the relentless pace of automation that makes a lot of good middle-class jobs obsolete.” By that time, it was clear that Compton’s optimism needed to be rethought.

In an interview late last year with the UK prime minister, Rishi Sunak, Elon Musk declared there will come a time when “no job is needed,” thanks to an AI “magic genie that can do everything you want.” Musk added that as a result, “we won’t have universal basic income, we’ll have universal high income”—apparently answering Compton’s rhetorical question about whether machines will be “the genii which … supply every need and desire of man.”

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