
China’s Demographic Headwinds: A Conversation with Philip O'Keefe
ChinaPower
00:00
Are There Any Trade-Offs Between AI and Growing Your Population Naturally?
There's always this kind of debate about whether AI or automation will take jobs and you end up with a big unemployment problem. In countries which have China's demographics, I think there's not even really so much the trade-off question. The attractions of investing more in automation as you have a shrinking labour force are clear. What you need to focus on is the complementarity between labour and capital investment that you get with automation. And that then involves things like reskilling the workforce with digital skills to make sure that they are able to realise productivity gains.
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