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White House report on AI urges preparations for large-scale unemployment

The report asserts that the economic effects of AI-driven unemployment will be a major challenge over the next 2 decades. (Source: The White House)
The report asserts that the economic effects of AI-driven unemployment will be a major challenge over the next 2 decades. (Source: The White House)
The White House has released a report on the near-future effects of AI and automation, which asserts that preparations for the transition of the labor market should begin soon.
Douglas Black,

The Executive Office of the President has released a report on the impacts of AI-automation, titled "Artificial Intelligence, Automation, and the Economy". The report asserts that impacts will be felt within the next two decades, and policies must be taken in preparation.

Experts estimate that the number of jobs threatened by AI will range between 9-47% over the next 20 years. That's quite a significant range, but even a 9% drop would be devastating to those whose jobs are affected. 

Who is most likely to be affected? The report states that low-skill, low-education, and low-pay jobs will be affected most, as wages and demand drop. The Executive Office warns that further into the future, this may manifest in the benefits of AI being extremely skewed towards those at the top of the economic food chain, resulting in extreme increases in inequality.

The report suggests modernizing social support such as unemployment, Medicaid, retirement, and other public assistance programs. Future administrations will have to grapple with the transition to AI-automation and intervene to support workers as needed. The full text of the report is available here.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 12 > White House report on AI urges preparations for large-scale unemployment
Douglas Black, 2016-12-22 (Update: 2016-12-22)
Douglas Black
Douglas Black - Editor
Douglas Black is a technology analyst, teacher, writer, and DJ. He is also Managing Editor of UltrabookReview.