Real World Facts About AI
James Quillian,Economist, Political Analyst, Natural Law
Much of the current discussion about artificial intelligence assumes it will remake employment, culture, and daily life in decisive ways. The record so far suggests otherwise. The displacement that has occurred has been concentrated inside the technology sector itself—the very industry that produces these systems.
Broader unemployment figures reflect a longer-running economic contraction, one that official statistics have been adjusted to obscure. Policymakers have treated the management of public expectations as a necessary tool of economic management. When citizens believe conditions are stable, they continue to spend. When they do not, they conserve. The preservation of spending has therefore taken precedence over transparent measurement.