00:00Worried about losing your job to artificial intelligence? Economist Carmelo Furlito has
00:05a different take. In a letter to the editor, he explains that every major technological breakthrough
00:10invariably brings with it a familiar wave of anxiety. From the Luddite's smashing looms in
00:16the 1800s to fears over electricity and computers, history shows the same pattern. Jobs change, but
00:23they don't vanish. Instead, productivity rises, costs fall, and human wants expand. When machines
00:31free up labor, workers shift into new industries. Manufacturing, services, healthcare, education,
00:38technology, fields earlier generations couldn't even imagine. Artificial intelligence is no different,
00:45he assures. Yes, it automates routine tasks, but it also creates opportunities, complements human skills,
00:52and reshapes work rather than erasing it. Just as spreadsheets didn't eliminate accountants,
00:58AI is more likely to empower workers than replace them, he says. The Austrian School of Economics
01:04reminds us that the economy isn't static. It is driven by creativity, entrepreneurship,
01:10and evolving human wants. Lower costs mean greater purchasing power, which sparks demand for new goods,
01:17services, services, and jobs. Transitions can be disruptive, but they're not the end of work.
01:23AI doesn't act alone. It's shaped by entrepreneurs and consumers. If it creates value, it expands economic
01:30activity, opening doors to industries we haven't yet imagined. The future isn't one without work,
01:37says Pulido. It's one where human labor adapts, specializes, and continues to create value,
01:43just as it always has. So, stop worrying. Instead, adapt, specialize, and create value. Read Carmelo
01:50Forlito's letter to the editor, AI won't take all our jobs, judging by history and economics, on FMT.
Comments