Artificial intelligence is coming, and policymakers need to prepare the economy for it, the White House said in a report released Wednesday.
The report, “Artificial Intelligence, Automation, and the Economy,” suggests the U.S. should invest in and develop AI, because it has “many benefits,” education and train Americans for the jobs of the future, and aid workers in the transition and empower them to share in future growth.
But the authors of the report acknowledge that there are countless unknowns, from what the effects could be, to how quickly they’ll arrive.
“Researchers’ estimates on the scale of threatened jobs over the next decade or two range from 9% to 47%,” they write, but add that the economy has always proved to be resilient to take existing rates of change and shrinking of industry in stride.
(“Productivity” can sound arbitrary and dry, but, as the authors write, greater productivity in the economy translates into better living standards.)
Still, the people who will lose out to artificial intelligence are the most vulnerable: those with less education, in lower wage jobs, such as driving and house cleaning.