AI Isn’t Coming for Our Jobs. It’s Coming for Our Wages.

recently ran a cover entitled “,” citing widespread fear among the American public of artificial-intelligence-induced job losses. Such fearmongering is far from new. Information technology breakthroughs have led to many such announcements over the last few decades.The EconomistPrepare for an AI jobs apocalypse In the 1990s, we had the computer scare, prompted by best-selling authors such as and . More recently, in 2013, we had the robot menace, when an estimated that 47 percent of jobs in the…