Roughly half of Japan's workforce would lose their jobs if artificial intelligence replaces intellectual human labor to the maximum possible extent, states a joint study by the Nomura Research Institute and the University of Oxford.
I cannot agree with this conclusion, which is said to have been drawn by an AI program based on a quite simple "supervised learning" concept. But I think it would be great if technological innovation serves to free half the adult population from labor for production, because what AI brings about is not unemployment but liberation from labor.
Gross domestic product, which is the aggregate sum of value added within a country, is distributed to capital and labor. At present, the labor share stands at around 60 percent, most of which is allocated to individuals in the form of employee compensation.