The Obama administration may be headed for the exits, but it continues to focus on the impact of artificial intelligence on the economy and the nation at large.
Artificial intelligence (AI) is an umbrella term for a group of technologies—including machine learning—that enable computers to learn new skills and capabilities based on the data they are exposed to, among other factors.
The just-released report, titled “Preparing for the Future of Artificial Intelligence,” does not downplay potential job lossdue to the advent of ever-smarter computers, but still posits that the technology will open up new career opportunities for those versed in it or who have higher-level skills. It also holds that public policy, especially re-training programs, can mitigate the negative impact of increasing automation by preparing displaced workers for other jobs.
Prepared for the White House by the National Science and Technology Council’s Subcommittee on Machine Learning and Artificial Intelligence, the report reiterates the conventional wisdom that AI-fueled automation will take over more jobs that could not be automated in the past. On the plus side, that may mean better productivity and potential wealth creation. On the other hand, it could also replace workers and reduce demand for the their skills.
The people most hurt will likely be those working in lower-wage positions. In addition, AI-driven automation could also boost the wage gap between less-educated and more educated workers, fueling economic inequality.
For more, read: Here Are the Jobs That Automation Will Kill Next
Some experts argue that it is not just lower-paying jobs that will be stressed by AI and other agents of automation.