The doomsday crowd may want to check its history books.
As fears of an AI-driven jobs apocalypse intensify across boardrooms, union halls, and college campuses, Bank of America’s global research team is urging a reality check. In a report published April 28, BofA economists argue that the “Armageddon narrative” around artificial intelligence “sits uneasily with both economic theory and the evidence so far”—and they’ve got 85 years of labor market data to back them up.
