AI will transform daily life and lead to shifts in labor demand towards new types of work where humans work alongside technology, rather than causing mass job losses. Increased productivity will lead to more production and greater availability of goods and services.
"While AI can be expected to transform many aspects of daily life, there has been a long history of labor automation, and historically labor demand shifts away from jobs that can be automated towards new types of work where people work alongside the new technology. Workers becoming more productive doesn’t lead to job losses – it leads to more production – which also means greater availability of goods and services."
