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Comment by Joshua Brault

Researcher in the Bank of Canada’s Data and Digital Services Department and co-author of a 2026 paper on AI and monetary policy.
The introduction of AI is expected to raise potential output through productivity gains. The long-term impact of AI adoption on the natural rate of unemployment (U*) is widely expected to be neutral or to lower it, despite potential short-term increases due to job displacement during the economic transition. Historical precedents suggest that technological progress ultimately creates more jobs than it destroys, driving overall economic growth and labour demand.
Unverified (Mar 3, 2026)
Source:
Joshua Brault, Maryam Haghighi, and Jing Yang, “AI Paradox: Promise vs. Reality—What It Means for Monetary Policy,” Bank of Canada Staff Analytical Paper 2026-4, last updated March 3, 2026.
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AI will create more jobs than it destroys
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