According to historical precedent, what does technological change often boost over the long term, despite initial job displacement?
Answer
Productivity and wage growth
The Dallas Fed notes that historically, technological change, while causing job displacement, has consistently boosted productivity and wage growth over the long term.
Related Questions
What timeframe did Geoffrey Hinton speculate for significant AI-driven job shifts to become evident?Which characteristic is common among jobs identified as highly susceptible to current AI tools?According to historical precedent, what does technological change often boost over the long term, despite initial job displacement?What distinction is often missed in the debate regarding AI's impact on roles?What must individuals focus on mastering, rather than obsolete tools, for continuous adaptation?Which roles are cited as appearing safer in the immediate future due to their demand for high levels of emotional intelligence or physical unpredictability?What specific skill is projected to rise in demand in finance as AI takes over data crunching?What economic risk is highlighted if AI productivity gains are not distributed equitably?What is the primary condition that makes a work environment highly susceptible to automation according to the text's concept of predictability?What is a forward-thinking organizational approach to integrating AI capabilities into existing roles?