Expert opinions on Economics

Such concerns are not only overblown but may also have things backwards. It is just as likely that AI will lead to employment gains. [...] The benefit new technology brings is greater production. It requires workers with different skill sets, but not...

The AI jobs apocalypse probably isn’t coming anytime soon.

In the long run, it may just be both instead of one or the other: both forces that are making it harder and harder for people to get jobs initially and also ramp up in their career going forward.

I believe we should tax AI tokens and robots. [...] The tax system nudges you toward replacing people with machines.

The proposals differ in detail, but they cite the same story: Labor’s share of national income has declined, and AI is accelerating workers’ losses by shifting more economic activity to capital. The tax code makes all of this worse by undertaxing cap...

Market forces will make adoption go faster and faster and, unless we intervene, there will be fewer good jobs available and the benefits will accrue to a small group.

Employees are being told AI will transform the way they work, yet many have received little training on how to use it effectively, securely or confidently. The people who are most confident with AI will continue to build skills and productivity, whil...

But each time humanity has come out with more people sharing greater prosperity, health, and freedom. We believe this will be true with AI as well, and the abundance of the future can be shared by everyone.

But each time humanity has come out with more people sharing greater prosperity, health, and freedom. We believe this will be true with AI as well, and the abundance of the future can be shared by everyone.

But each time humanity has come out with more people sharing greater prosperity, health, and freedom. We believe this will be true with AI as well, and the abundance of the future can be shared by everyone.

If AI delivers even a fraction of its potential, it could generate unprecedented abundance. We could see decades of scientific progress compressed into years, and levels of productivity growth that today seem implausible.

None of this is going to drag people out of poverty and into a world of abundance; that simply is not going to happen thanks to AI.

If AI “superintelligence” ends up being controlled by a select few individuals, businesses, governments, or even “AI” itself, then that will naturally lead to outcomes that are less favorable for everyone else.

The “AGI-squashes-everyone” idea is unlikely, though not impossible. If American companies end up becoming dominant, my bet is that it will be because of the business ecosystems they build – not because they crossed a technological threshold that ren...

Eventually, we need some form of universal basic income for everybody while they work and once they retire.

Universal basic income is a policy prescription that those people calling for it tended to believe in years earlier, before they had even heard of AI, and now it fits this scenario. I do not know what the outcomes and therefore the mitigations of AI ...

They present themselves as benefactors, they turn recipients of universal basic income into passive beneficiaries of a system they do not control and, above all, they shift the focus: Instead of questioning the concentration of capital and power, we ...

Eventually, we need some form of universal basic income for everybody while they work and once they retire.

The answer to that fear is to make job loss less scary by building a new unemployment program.