Anthropic CEO Dario Amodei predicts a white-collar ‘bloodbath’ due to AI, while Senator Bernie Sanders warns that AI could wipe out 100 million American jobs. However, this panic is understandable but wrong. AI will disrupt and eventually replace some tasks, just as electricity, the farm tractor, and the internet caused the displacement of mundane and, in some cases, miserable jobs.
AI and American Prosperity
In a new study, ‘Boomsday Not Doomsday,’ it is shown that AI can become the most powerful engine of American prosperity in decades. AI lowers the price and speeds up production of nearly everything we use, from food to new homes and new cures for diseases. A small-business owner can get help writing a marketing plan, a patient can leave the doctor with clearer instructions, and a homeowner can learn whether that crack in the wall requires a professional.
AI isn’t replacing Americans, it’s making us more capable. It will make life on earth better — especially for the lower half in income, who soon, thanks to these productivity improvements, have a quality of life that rivals the richest royalty of yesteryear. The early numbers show how quickly this is happening, with generative AI growing three times faster than mobile apps or the internet did.
Washington’s Choice
Washington faces a clear choice. It can tax, regulate, ration, or nationalize this technology, reserving its benefits for itself and the biggest companies — and the Chinese. Or, as we did so effectively with the Internet Revolution, we can lead the world and enjoy the fruits of winning the race. The US has been through panics before, and the economy has always created hundreds of millions of jobs no one could have imagined.
Original reporting: Fox News (HLL/CB) — read the source article.
