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AI's Impact on Jobs
00:03:58
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| Really, very important, and I think it's going to eventually live up to potential. | |
| That'll be a big day. | |
| So, I want to thank everybody for being here. | |
| You're my friends. | |
| You're great, great leaders. | |
| You're great people. | |
| And I can honestly say, you know, you're strong leaders, you're tough leaders in many cases. | |
| And every single one that I'm looking at that's right here, I've gotten to know and I've gotten to respect. | |
| And really, your friends, your friends of mine. | |
| And if I can help you at all, you let me know. | |
| But this is going to be something, the Board of Peace will be something that the likes of which I don't think anybody's seen before. | |
| Coming up is really Minister of Economic Affairs, Noah Hucker, speaks about the foundations of the U.S.-Israel Partnership at the Hudson Institute in Washington, D.C. | |
| It's scheduled to start at 1 p.m. Eastern. | |
| We'll take you there live when it begins here on C-SPAN. | |
| Until then, some of today's Washington Journal. | |
| Welcome back to the program. | |
| Joining us to discuss artificial intelligence, the impact on jobs and on energy is Vance Ginn. | |
| He is a former Office of Management and Budget Chief Economist for the Trump administration, also host of the podcast, Let People Prosper. | |
| Vance, welcome to the program. | |
| Thank you so much, Mimi. | |
| It's a pleasure to be with you. | |
| I want to start with the potential impact of AI on jobs and specifically entry-level jobs. | |
| The CEO of Anthropic has said that as much as 50% of entry-level white-collar jobs will go away because of AI. | |
| What do you think? | |
| Well, AI is something that's new. | |
| And so many people are looking at, should we fear it? | |
| Should we embrace it? | |
| You know, what's going to be the best path forward? | |
| And if you look back historically to other types of revolutions, and I do believe we're in the AI revolution now, there's been the same sort of fears, whether it be whenever we went from horse and buggy to the T-model car or when we had the internet. | |
| These are all things that have come up in our lives. | |
| And yes, some job displacement happened. | |
| And I think that's important to acknowledge that some jobs will be displaced. | |
| But at the same time, there were many more jobs that were created in the process. | |
| Whether it be from the horse and buggy to the T-model car, there are many more people who were helping build the car. | |
| Or on internet, on the internet, there were more people that were able to access things and start businesses online than before. | |
| And so now we're in a situation where AI could displace many of those entry-level jobs. | |
| But it could also mean opening up of new jobs that we don't know about. | |
| And some of that's already happening now, whether it be the data centers that I know we'll talk about, where people can work on and build and other things that are happening there, or the new innovations that are coming out. | |
| I think one of my key points here, Mimi, is that I don't think that we should necessarily fear AI. | |
| We're using AI every day, and I don't know that people actually consider it to be AI, whether it be using your computer or using GPS when you drive from one place to the other. | |
| These are all forms of AI that we've been using for years, if not decades now, that I think we just need to take a step back and say what exactly is happening. | |
| And from what I'm looking at this as an economist and someone looking into AI, I think this is going to be a pro-growth, pro-people sort of situation that's going to allow us to flourish and prosper even more into the future. | |
| So yes, we need to understand the causes and effects and other things that are going to happen, but I don't think it's something that we should fear at the end of the day. | |
| So Vance, I want to read to you a portion of an article written by Matt Schumer. | |
| He's an AI influencer. | |
| He posted this on X and it's gotten a lot of attention lately. | |
| And then I'll have you respond to it. | |
| He says this. | |
| Here's the thing nobody outside the tech quite understands. | |
| We're not making predictions. | |