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Michigan Post > Blog > Economics > AI & The Nice Displacement? | Economics
Economics

AI & The Nice Displacement? | Economics

By Editorial Board Published November 14, 2025 2 Min Read
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AI & The Nice Displacement? | Economics

AI & The Nice Displacement? | Economics

 

DP

Civil Work Force 1900 1980 1860 Civil Workforce

ANSWER: Sure, however what’s the definition of “great” that they prefer to scare individuals with. The Industrial Revolution’s displacement influence was catastrophic for a lot of within the brief time period. Individuals completely needed to be taught new methods of working, however this “retraining” was an off-the-cuff, usually brutal technique of financial Darwinism—adapt or face destitution. Each new expertise has displaced the work power. In 1860, 53% of the civil work power was employed in AGRICULTURE. The Industrial Revolution is what impressed Karl Marx and gave delivery to Communism as a result of individuals all of a sudden labored for a capitalist and he profited from the actual wealth which was labor. By 1900 that 53% had declined to 41% and by 1980 it was 3%. Return to the 18th century and that’s when Adam Smith wrote his Wealth of Nations in 1776 which was a counter-argument in opposition to the French Physiocrats who claimed that the wealth of a nation was solely agriculture and a blacksmith lived off the wealth of the farmer like a parasite.

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So, will AI displace individuals? After all, as EVERY technological innovation has finished for the reason that Romans invested the aqueduct. It is a sophisticated topic and it’s too intensive for a weblog submit. We shall be protecting this on the WEC and we’ll might the AI report out there after the convention.

 

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