Jeffrey Sachs: Afraid A.I. Will Wipeout Tons Of Jobs? It Already Is.

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Will artificial intelligence wipe out millions of the jobs done by humans today?

The AI CEOs tell us it’s nothing to worry about.

But one of the most-influential living economists, as recognized by The Economist magazine, begs to differ.

He says AI is already starting to replace human labor at scale. And we don’t have a plan for the aftermath,

To discuss this very important topic in depth, we have the great privilege of speaking today with Jeffrey Sachs, professor of economics at Columbia, bestselling author, and global leader in sustainable development.

#ai #artificialintelligence #jobs

0:00 – High-level U.S./global economy: uneven dynamism vs. stagnation
2:48 – Affordability crisis = stagnant real wages, not just “costs”
4:20 – Global bright spots (Asia) vs. crises (Latin America, Africa, Europe)
5:43 – K-shaped economy: will AI lift all boats or widen the divide?
6:41 – Market forces alone will worsen inequality & cause absolute losses
8:04 – 60-year automation trend already trifurcated society
10:14 – AI as nuclear arms race: U.S. “must win” mindset is naive & dangerous
13:12 – No monopoly possible – China will match/innovate around U.S. leads
18:00 – Big tech’s extreme power: $2.3T for top 10, owning media/data/politics
23:53 – Dystopian unchecked AI: further tripartition, dependency, lost purpose
26:10 – Better path: pre-distribution (universal education/healthcare as rights)
30:55 – Practical advice: focus on resilient skills, advocate reforms, build buffers
35:44 – Optimism: History shows tech disruptions eventually broaden prosperity via politics
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