Frey provides a comprehensive analysis of the history of technology and its impact on employment and wages. Technology may provide long run benefits but also comes with major social costs. Whether society benefits depends on whether technology augments or replaces human labour. Buckle up for a rough ride if AI continues to be more about replacement
Acemoglu and Restrepo emphasise technology isn’t destiny and how it shapes our economy can be influenced by incentives and regulation. Focusing on AI that leads to automation is a dangerous path to a technology trap.