'I'm hopeful that if we did the right thing, AI would be great,' said JosephEStiglitz. 'But the question is: Will we be doing the right thing in our policy space? And I think that's much more problematic.'
"When considering all automation technologies including AI, 27% of jobs are in occupations at high risk of automation," the OECD estimated.
Stiglitz acknowledged that"with the right policies," AI could lead to"higher productivity and less inequality, and everybody would be better off." "But you might say the political economy, the way our politics have been working, has not been going in that direction," said Stiglitz."So at one end, I'm hopeful that if we did the right thing, AI would be great. But the question is: Will we be doing the right thing in our policy space? And I think that's much more problematic."
Stiglitz is hardly the only economist concerned about the disruptive and potentially damaging effects AI could have on workers across the globe, particularly if governments don't heedYingying Lu, a research associate at the Crawford School of Public Policy's Center for Applied Macroeconomic Analysis,
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