Gina Raimondo thinks AI ultimately will create jobs.
The most responsible thing to say on the topic of AI and job market disruption is that no one knows what will happen long-term when attempting to forecast net job losses or new job creation.
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But former U.S. Commerce Secretary Gina Raimondo is
But former U.S. Commerce Secretary Gina Raimondo is certain that if U.S. corporations and the government do not carefully plan the coming AI transition period, layoffs are likely to mount in the short-term with drastic repercussions for society.
She tells Julia Boorstin in the first episode
She tells Julia Boorstin in the first episode of Season 2 of the "CNBC Changemakers" podcast that it is reasonable to expect tens of millions of job losses and a long, deep recession, "If we put our blinders on and just unleash the new technology without a plan to bring every American along."
Gina Raimondo considers herself to be an AI
Gina Raimondo considers herself to be an AI optimist. She wants her children to live in an America where jobs we can't even think of today will be created, and where the benefits of AI spread: "Better healthcare, better technology, better data," she says.
So why is it that the former U.S
So why is it that the former U.S. Commerce Secretary and Rhode Island Governor is so worried about the threat of mass layoffs ripping apart the fabric of U.S. society? Lack of planning, she says.
"I think the worst-case scenario is that we
"I think the worst-case scenario is that we don't have a plan to make sure that every American can have a good job in the age of AI," Raimondo told CNBC's Julia Boorstin in the first episode of Season 2 of the "CNBC Changemakers" podcast.
"Tens of millions of Americans will be put
"Tens of millions of Americans will be put out of work or underemployed, and in that instance ... I worry deeply. I think you could have an economic recession that is deep and long. I think you could have rioting in the streets. I mean that sincerely. I wouldn't have said that 10 years ago, but in the past 10 years, economic inequality is through the roof, and our democracy is fraying every day," Raimondo — who is now leading Raise Us, a national nonprofit focused on the AI jobs transition — said in the podcast interview conducted in late August.
That kind of outcome would be doubly bad
That kind of outcome would be doubly bad, she says, because it would lead to regulators stepping in to stop AI innovation, potentially ceding the technology lead to China and other nations.
"If we just let AI loose, and wake
"If we just let AI loose, and wake up in, I don't know, three or four years with a 10-11% unemployment rate, 20% unemployment rate among young people, people in their 20s, I think we're screwed," Raimondo said. "It's a non-technical term ... So let's get ahead of it."
The truth is no one can know for
The truth is no one can know for sure what will occur in the job market and anyone claiming to know is going too far. Right now, many jobs are booming due to AI, while preliminary studies on the impact of AI on jobs and wages remain educated guess work, as their own authors caution. Meanwhile, some of the leading figures in the AI revolution have done a less than convincing job in recent attempts to explain why a job creation boom is all but assured.
News
Gina Raimondo thinks AI ultimately will create jobs. It's the initial mass layoffs wave that worries her
The most responsible thing to say on the topic of AI and job market disruption is that no one knows what will happen long-term when attempting to forecast net job losses or new job creation.
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Source: CNBC