Will AI make it easier to get the productivity growth we want?
AI's contribution to productivity growth across the world will be influenced by three key factors, and policy will play a important role in shaping them.
Carl-Benedikt Frey is the Dieter Schwarz Associate Professor of AI & Work at the Oxford Internet Institute and a Fellow of Mansfield College, University of Oxford. He is also Director of the Future of Work Programme and Oxford Martin Citi Fellow at the Oxford Martin School.
After studying economics, history, and management at Lund University, Frey completed his PhD at the Max Planck Institute for Innovation and Competition in 2011. He subsequently joined the Oxford Martin School where he founded the programme on the Future of Work. Between 2012 and 2014, he was teaching at the Department of Economic History at Lund University.
In 2012, Frey became an Economics Associate of Nuffield College and Senior Fellow at the Institute for New Economic Thinking, both University of Oxford. He remains an Associate Fellow of the Department of Economic History at Lund University, and a Fellow of the Royal Society of Arts. In 2019, he joined the World Economic Forum’s Global Future Council on the New Economic Agenda, as well as the Bretton Woods Committee. And between 2020 and 2022, he was a member of the Global Partnership on Artificial Intelligence (GPAI) – a multistakeholder initiative to guide the responsible development and use of AI, hosted by the OECD.
In 2013, Frey co-authored The Future of Employment: How Susceptible Are Jobs to Computerization. With over 12,000 citations, the study’s methodology has been used by President Barack Obama’s Council of Economic Advisors, the Bank of England, the World Bank, as well as the popular automation risk-prediction tool of the BBC. In 2019, the paper also featured on the Last Week Tonight Show with John Oliver.
Frey has served as an advisor and consultant to international organisations, think tanks, government, and business, including the G20, the OECD, the European Commission, the United Nations, and several Fortune 500 companies. He is also an op-ed contributor to the Financial Times, Foreign Affairs, Scientific American, and the Wall Street Journal, where he has written on the economics of artificial intelligence, the history of technology, the future of cities, and remote work.
His academic work has featured in over 100 media outlets, including The Economist, New York Times, Time Magazine, The New Yorker, Le Monde, and Frankfurter Allgemeine Zeitung. In addition, he has frequently appeared international broadcast media such as CNN, BBC, PBS News Hour, Al Jazeera, and Sky News.
His most recent book, The Technology Trap: Capital, Labor, and Power in the Age of Automation, was selected a Financial Times Best Books of the Year in 2019, when it also won Princeton University’s prestigious Richard A. Lester Prize.
AI's contribution to productivity growth across the world will be influenced by three key factors, and policy will play a important role in shaping them.
The authors examine the role of technology and automation in job creation.