Expert insight
How AI will reshape work, not replace it
January 27, 2026
In a recent feature in MIT Technology Review, Vanguard Global Chief Economist Joe Davis argues that AI is emerging as a true general‑purpose technology, one poised to lift productivity across the economy much like the personal computer did decades ago.
Artificial intelligence is accelerating at a pace that’s reshaping how we think about productivity, innovation, and the future of work. While public narratives often swing between extremes—either dismissing AI as overhyped or fearing it will displace entire industries—the latest research suggests a more balanced and far more transformative reality.
Davis and his team draw on more than a century of economic data to show that AI’s greatest impact won’t come from replacing human workers but from augmenting them. The jobs of the future will be shaped by automation of repetitive tasks, the amplification of uniquely human skills, and the creation of entirely new industries.
This shift could unlock meaningful gains in sectors like health care, finance, and education—areas where productivity growth has lagged for years. The biggest rewards will come not to those who build AI, but to those who learn to apply it.
Learn more from the MIT Technology Review article, Rethinking AI’s future in an augmented workplace.
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