AI should create more jobs than layoffs, though it will still be painful
New Delhi, Sept. 30 -- Advances in AI and automation will force an estimated 11 million American workers to find new occupations over the next decade, but also will add almost quadruple that number of jobs to the economy, new research confirms.
The numbers, laid out by the McKinsey Global Institute in a new report on Tuesday, gives another perspective of the impact on the U.S. labor market-by 2035.
The jobs added aren't really surprising to experts.
MGI's director, Tanguy Catlin, told Barron's that the introduction of new technologies generally lead to long-term job creation driven by the need to support the technologies themselves, but also by the fact that innovation typically increases the standard of living and generates higher dem...
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