Debatable: AI’s impact on the economy
Gina Raimondo, former commerce secretary who nowleads a $500 million effortto prepare the US workforce for the AI economy, predicted that AI would be a net job creator when all is said and done:“I still come. . .
Gina Raimondo, former commerce secretary who nowleads a $500 million effortto prepare the US workforce for the AI economy, predicted that AI would be a net job creator when all is said and done:“I still come down in the place that, in the end, AI is going to create more jobs. It’s hard to know what jobs, in what timeframe, in what industries. But what we know is, every general purpose technology increases productivity, increases jobs, increases job growth, increases wages. And I don’t know anything about AI that would make me think that this would be different. Now, I don’t know. Some people say I’m wrong. But I am just very focused on the transition, because even if I’m right — let’s say AI does generate new companies, new jobs, higher growth — that still takes time, and I’m worried about the transition from here to there. And I’m worried about the winners and losers, and not taking care of the folks who are going to be displaced. ”Sen. Bernie Sanders, I-Vt. , said warnings about “many millions” of job losses should be taken seriously:“Nobody can tell you for sure. Nobody really knows. But there are some pretty smart people out there who worry that many, many millions of jobs will be lost over the next decade. When you have people like [Amazon founder Jeff] Bezos spending many billions of dollars to automate factories, that means the end of manufacturing jobs, warehouse jobs being replaced by robots. There’s a real, serious concern about that. ”