Wide deployment of AI systems will up end the labor market and economy in ways we can barely yet imagine. Think of what someone from 1919 would think of Amazon, Facebook, or convenience stores.
Economists have been studying the relationship between technological change, productivity, and employment for a few centuries now.
Naturally, the rise of AI applications from driving cars to tumor detection in medical scans has now become a focus of their attention.
In September 2017, a group of distinguished economists gathered in Toronto to set out a research agenda for the Economics of Artificial Intelligence (AI). They covered questions such as what is economically unique about AI, what will be its impacts, and what are the right policies to enhance its benefits.