David Autor, in conversation with Martin Wolf, suggests AI could pose a greater threat to US jobs than China. Autor highlights that while previous technological advancements primarily affected routine manual and cognitive tasks, AI's capacity to automate non-routine cognitive tasks is unprecedented. This could impact a wider range of jobs, including those requiring higher education and specialised skills, potentially leading to significant labour market disruption. The discussion also touched upon the need for policy interventions to manage the transition, such as investments in education and training programs, and adjustments to social safety nets.
Autor acknowledges the difficulty in predicting the exact scale and scope of AI's impact, but stresses the importance of proactive measures. He suggests exploring new models of work and compensation, including policies that support job creation and ensure equitable distribution of AI-driven productivity gains. The conversation underscores the urgency for policymakers and businesses to prepare for a future where AI plays an increasingly prominent role in the workplace, potentially reshaping the structure of the US labour market.