Pissarides: “I’m very optimistic that we could increase productivity. “We could increase our well-being generally from work and we could take off more leisure.”
Christopher Pissarides – a professor at the London School of Economics who specialises in the impact of automation on work – said the labour market can adapt quickly enough to artificial intelligence-backed chatbots. His remark tamp down concerns that rapid advances in technology could bring mass job losses.
Pissarides has previously investigated the impact of automation on jobs through the Pissarides Review into the Future of Work and Wellbeing. He won a Nobel Prize in economics for his work on labour market frictions. Some are concerned of the impact the technology could have on society. Tech leaders, including Elon Musk, signed an open letter last month calling for a pause to the training of powerful AI systems.
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