AI in the economy

What is the future of work? In lecture three, prof Stuart Russell explores one of the most concerning issues of AI - the threat to jobs. How will the economy adapt as work is increasingly done by machines? Economists’ forecasts range from rosy scenarios of human-AI teamwork to dystopic visions in which most people are excluded from the economy altogether. Russell tries to untangle these competing predictions and to pinpoint the comparative advantages that humans may retain over machines. Perhaps counter-intuitively, he suggests greater investment in the humanities and the arts, lead to increased status and pay for professions based on interpersonal services.