""For the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizers did, like vaccines did," he said. "You know maybe one day we'll be working less hard but having wonderful lives.""
""We-government and we the companies, society-should look at how do we phase it in a way that we don't damage a lot of people," he explained. "We should have done a little bit more on trade assistance years ago when you had a town that got damaged by the closure of a plant. And that you can do: you can retrain people, relocate people, income assistance, early retirement.""
AI is expected to deliver broad societal benefits comparable to tractors, fertilizers and vaccines, potentially enabling people to work less while enjoying better lives. Businesses have shown hiring caution recently, but short-term job cuts are unlikely to be driven by AI. Appropriate regulation is necessary to limit downside risks. Emphasis on uniquely human skills—critical thinking, emotional intelligence, communication—is advised. A phased approach involving public and private sectors can reduce harm through retraining, relocation, income assistance and early retirement. AI also creates near-term jobs through infrastructure projects, and planning by governments and companies can prevent social backlash.
Read at Fortune
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