That is what a real general-purpose technology does: it reorganizes the economy and expands the frontier of useful work.
Words found on the source page on Nov 6, 2026.
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But the claim that AI will produce economy-wide, permanent unemployment is unhelpful marketing, bad economics and worse history. To the contrary, productivity gains should increase demand for labor, because labor becomes more valuable.EssayThe "AI Job Apocalypse" Is a Complete FantasyMay 6, 2026
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Here’s the thing, though: precedent (and intuition) shows that when the cost of a powerful input falls, the economy does not politely stand still.
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