AI isn’t replacing jobs. AI spending is

Big spending on artificial intelligence puts pressure on jobs, as gloomy narratives about the future of work are ironically making new graduates less employable.

For decades now, we have been told that artificial intelligence systems will soon replace human workers. Sixty years ago, for example, Herbert Simon, who received a Nobel Prize in economics and a Turing Award in computing, predicted that “machines will be capable, within 20 years, of doing any work a man can do.” More recently, we have Daniel Susskind’s 2020 award-winning book with the title that says it all: A World Without Work.