Einstein was talking about the concept of “technological unemployment,” the idea that technology will destroy jobs and lead to disaster. Will AI cause mass unemployment? Probably not, because when it comes to economics, Einstein was no Einstein. The vast majority of economists, including me, do not think that automation was an important cause of the Great Depression. Historically, revolutionary technologies do not generally cause mass unemployment. Of course, it’s always possible that AI will be different due to its rapid introduction. But the big picture is that innovation eventually makes society richer and not poorer.