Tech On The Hill
Ep. 7: How Will AI Change Labor Markets and What Can We Do About It?
Mar 5, 2024
Leading economists discuss the impact of AI on labor markets, debating augmentation versus automation. They explore worker surveillance, bargaining power, and policy recommendations to manage AI's influence on employment.
37:50
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Quick takeaways
- AI's potential for transformative impact requires reorganization at home and work for significant benefits.
- Focus on job quality and equitable benefit distribution, emphasizing re-skilling and redistributive policies for AI's evolving labor market.
Deep dives
Impact of AI on Workforce Productivity and Future Transformations
AI technology, while not replicating human thought, is immensely powerful in predictive analytics, a core underpinning of current AI affecting productivity. The slow process of adopting transformative technologies accentuates the need for home and workplace reorganization to realize significant benefits similar to the prolonged integration period seen with electricity's transformation over 40 years. AI's potential as a next general-purpose technology is seen as transformative, albeit with a gradual adoption trajectory akin to past revolutionary technologies.
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