Before the advent of the combustion engine, horses had jobs. As cars, buses and trucks replaced them, the US equine population declined precipitously¹.
Will machine intelligence (AKA AI) do the same to today’s professional workers? Where will the new occupations and jobs be? Is the current phenomenon of machines replacing professionals the next wave in Marx’s and Schumpeter’s capitalism’s creative destruction? Or is it different this time?
¹ The numbers for cars in the chart understate the impact of the combustion engine on equine population. It does not include trucks or buses, which also had a significant, negative impact on the use of equines.