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Benzinga
Benzinga
Business
Radhika Anilkumar Nadig

Justin Wolfers Says AI Won't Kill Your Job — but It Will Change What It's Worth: 'Lab-Grown Diamonds Didn't Abolish Diamonds

Woman,And,Ai,Robot,Working,Together,In,The,Office,,Automation

Economist Justin Wolfers said the artificial intelligence shock to labor markets may resemble what happened to diamonds once lab-grown alternatives hit the market, not eliminating jobs entirely but sharply reducing the worth of certain tasks.

‘Lab-Grown Diamonds Didn’t Abolish Diamonds’

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