Expert opinions on Impact On Labor

Failure, in their eyes, means being left behind while AI automates large swaths of white-collar work – especially coding jobs, which until now have been a veritable licence to print money – and falling into the ranks of the permanent poor.

The evidence on how AI is affecting the labor market today is inconclusive, and claims about harmful impacts on particular groups of workers are premature. [...] All the important questions about AI's effects on the labor market are still unanswered....

Unless AI's rise is accompanied by an edict that people can no longer pursue new companies or initiatives, then the technology can't be a subjugation machine without some accompanying rise in empowerment. [...] Unless you're brutally pessimistic abou...

The claim that AI will produce economy-wide, permanent unemployment is unhelpful marketing, bad economics and worse history. To the contrary, productivity gains should increase demand for labor, because labor becomes more valuable.

People have the wrong intuition when they say that if AI can do my job for ten dollars an hour, then my wage falls to ten dollars and my life is terrible. A world where AI can do research or teaching at that cost is a world where AI is extremely capa...

[AI's takeover of jobs will advance] from the bottom of the ability ladder to the top [...] [leaving] an unemployed or very-low-wage underclass.

A little over five years ago, I had an idea on how to give every newborn American a stake in capitalism. Today, President @realDonaldTrump made that idea a reality with Trump Accounts.

To claim a share of such wealth without being willing to make this contribution is unfairly to free-ride on those citizens who do make the required contribution. If this unfairness is to be avoided, receipt of an equal share of the relevant types of ...

AI leaders keep saying UBI is necessary. This pledge asks them to prove it. [...] We all deserve a share of what [AI] makes possible.

I'm skeptical that Universal Basic Income can get rid of grinding poverty, since somehow humanity's 100-fold productivity increase (since the days of agriculture) didn't eliminate poverty.

I no longer believe in universal basic income as much as I once did. I'm much more interested in ways where we think about kind of collective ownership. [...] [A] fixed cash payment, although useful and maybe a good idea in some ways, does not get at...

Right now, companies pay payroll taxes for their workers but get tax breaks for investing in technology—effectively, a tax penalty for hiring human beings and a tax break for buying equipment. [...] Building an economy that works for all of us will r...

Capitalism has also depended on somewhat of a power balance between labor and capital, but if it's hard in many of our current jobs to outwork a GPU, then that changes. [...] If there was an easy consensus answer, we'd have done it by now, so I don't...

Higher taxes on capital income reduce the return on investment, weakening firms' incentives to invest in AI infrastructure, advanced equipment, and productivity-enhancing technologies, which in a global environment where countries such as China are a...

We will end up in a very concentrated world where there's like one to five giant networks of data centres owned by one to five companies, possibly in coordination with their governments. [...] If you've only got one to five companies and they each ha...

The big winners here are not going to be tech companies. The winners are going to be the broader industry that uses this commodity [...] that, by the way, is abundant. Suddenly productivity goes up and the economy is growing at a faster rate.

As with every major technological shift, AI tends to amplify the power of those who already possess economic resources, expertise and access to data. [...] AI technology in the hands of few, profit-oriented individuals or groups represents a new form...

Whether AI's benefits are widely shared is a political question, has nothing to do with technology.

There is no upper limit on how intelligent AIs will get or on how good robots will get, and I believe the advances will not plateau before exceeding human levels. [...] AI capabilities will allow us to make far more goods and services with less labor...

I do not believe there's going to be like a singular, identifiable point where the economy is going to take off, and there's going to be abundance. [Whether AI's benefits are widely shared] is a political question, has nothing to do with technology.

Employers are devastating workers' livelihoods and taking no responsibility for the callous decisions of this unchecked technology. We need stronger guardrails to make sure there is human review and oversight of any decision made by a machine that im...

In 2023, the United States saw countless proposals to ban AI technologies, [...] hiring, [...] law soon must embrace AI; [...] prohibit human intervention [...]