""My view is, 'Don't put your head in the sand.' It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably. It is what it is," said Dimon. "However, I do think it may go too fast for society. And if it goes too fast for society, that's where government and business in a collaborative [need to] way step in together and come up with a way to retrain people or move it over time.""
""Should you do it all at once?... No, you will have civil unrest, so phase it in.""
""If a town loses a factory and they lose jobs, you have income assistance, relocation, early retirement, retraining. We may have to do that...to save society," he said."
Rapid deployment of AI can boost productivity and deliver significant medical advances while simultaneously eliminating and changing many jobs. A too-rapid roll-out risks societal disruption and potential civil unrest if displaced workers cannot transition smoothly. Phased deployment, coordinated incentives for slower roll-outs, and collaborative government-business programs for retraining, wage support, relocation, and income assistance are necessary to mitigate harm. Large workforces in vulnerable occupations, such as two million commercial truck drivers, face steep income shocks without managed transitions. Public policies similar to those used after factory closures may be required to preserve social stability.
Read at ComputerWeekly.com
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