CSPAN - Washington Journal Vance Ginn
Aired: 2026-02-19
Duration: 03:59


=== AI's Impact on Jobs (03:58) ===

[00:00:00]  Really, very important, and I think it's going to eventually live up to potential.
[00:00:04]  That'll be a big day.
[00:00:06]  So, I want to thank everybody for being here.
[00:00:07]  You're my friends.
[00:00:08]  You're great, great leaders.
[00:00:10]  You're great people.
[00:00:12]  And I can honestly say, you know, you're strong leaders, you're tough leaders in many cases.
[00:00:17]  And every single one that I'm looking at that's right here, I've gotten to know and I've gotten to respect.
[00:00:23]  And really, your friends, your friends of mine.
[00:00:26]  And if I can help you at all, you let me know.
[00:00:28]  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.
[00:00:35]  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.
[00:00:44]  It's scheduled to start at 1 p.m. Eastern.
[00:00:47]  We'll take you there live when it begins here on C-SPAN.
[00:00:50]  Until then, some of today's Washington Journal.
[00:01:04]  Welcome back to the program.
[00:01:06]  Joining us to discuss artificial intelligence, the impact on jobs and on energy is Vance Ginn.
[00:01:13]  He is a former Office of Management and Budget Chief Economist for the Trump administration, also host of the podcast, Let People Prosper.
[00:01:21]  Vance, welcome to the program.
[00:01:23]  Thank you so much, Mimi.
[00:01:24]  It's a pleasure to be with you.
[00:01:26]  I want to start with the potential impact of AI on jobs and specifically entry-level jobs.
[00:01:34]  The CEO of Anthropic has said that as much as 50% of entry-level white-collar jobs will go away because of AI.
[00:01:43]  What do you think?
[00:01:45]  Well, AI is something that's new.
[00:01:47]  And so many people are looking at, should we fear it?
[00:01:50]  Should we embrace it?
[00:01:51]  You know, what's going to be the best path forward?
[00:01:54]  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.
[00:02:08]  These are all things that have come up in our lives.
[00:02:11]  And yes, some job displacement happened.
[00:02:14]  And I think that's important to acknowledge that some jobs will be displaced.
[00:02:19]  But at the same time, there were many more jobs that were created in the process.
[00:02:22]  Whether it be from the horse and buggy to the T-model car, there are many more people who were helping build the car.
[00:02:28]  Or on internet, on the internet, there were more people that were able to access things and start businesses online than before.
[00:02:35]  And so now we're in a situation where AI could displace many of those entry-level jobs.
[00:02:42]  But it could also mean opening up of new jobs that we don't know about.
[00:02:46]  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.
[00:02:57]  I think one of my key points here, Mimi, is that I don't think that we should necessarily fear AI.
[00:03:01]  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.
[00:03:11]  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.
[00:03:20]  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.
[00:03:32]  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.
[00:03:40]  So Vance, I want to read to you a portion of an article written by Matt Schumer.
[00:03:45]  He's an AI influencer.
[00:03:46]  He posted this on X and it's gotten a lot of attention lately.
[00:03:50]  And then I'll have you respond to it.
[00:03:52]  He says this.
[00:03:53]  Here's the thing nobody outside the tech quite understands.
[00:03:57]  We're not making predictions.