A Quote by David Autor
I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption.
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I think that solving the job impact of AI will require significant private and public efforts. And I think that many people actually underestimate the impact of AI on jobs. Having said that, I think that if we work on it and provide the skill training needed, then there will be many new jobs created.
All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.
No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.
In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment.
Solving the unemployment challenge means developing competitive skills so there are more qualified people eligible for the jobs today and the ones that will be created in the future.
AI will allow the soldier to act and think much more quickly. Whoever gets to AI first, I believe, will have dominance for many years afterward.
In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.
It's easy to say that entrepreneurs will create jobs and big companies will create unemployment, but this is simplistic. The real question is who will innovate.
High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.
While others may get distracted, I will continue to focus on the problem of unemployment and seek to help create good, high-paying jobs for Arkansans.
I did go through a period where I was on unemployment. That was my low point: Martha Quinn on line at unemployment, hoping nobody will recognize her.
Some day, someone will do something wrong and there will be a scandal to report in the paper. When that happens, we will address it honestly and openly and try to deal with it as quickly and as fairly as we can, and keep moving the city forward.
I've been around a long time and I've found that these forms, whether it's the cartoon, or whether it's a play, or all these dying forms refuse to die. Something happens to rejuvenate them and it will certainly happen to the political cartoon. It will come back. But whether it's on the internet, or whether it's in some other form, however that works, whether it looks the way it looks now, or entirely different, I have no idea. And thank God I don't have to worry about it.
Well, our economy is very strong and growing. We have created 5.4 million new jobs in the last 3 years. Our unemployment rate is better than the average unemployment rate of the 1960s, 1970s, 1980s, and 1990s.
Germany is the new pig. Germany depends on exports and its markets are drying up. When the Germans start getting 10% unemployment, 15% unemployment, which is the real variable, how are they going to handle it?
Trade is not the cause for unemployment. In fact, the biggest drivers for unemployment are innovation and increased productivity. It has nothing to do with trade.
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