For an AI Lesson, India Must Look Back — 300 Years

A new paper by Prof. Daron Acemoglu and Prof. Simon Johnson uses the impact of automation in the textile industry to predict potential similar effects from AI, writes Bloomberg’s Andy Mukherjee. Noting the parallels between the Indian textile industry and disruption currently underway in tech outsourcing, the economists write “the impact of automation on workers today is more complex than an automatic linkage from higher productivity to better wages.”