On June 1st, according to Bloomberg, at the annual conference on economics in Reykjavik, IcelandNew YorkFederal Reserve Chairman John Williams vs AI Concerns about the impact on employment were clearly answered and became the most optimistic Fed official at the current meeting。
WILLIAMS, WITH A "MACROECONOMICIST'S DEMAND IS STILL STRONG" LAUGHTER, GOES ON TO STATE HIS CORE JUDGMENT: AI'S PRODUCTIVITY GAINS WILL NOT LEAD TO LONG-TERM STRUCTURAL UNEMPLOYMENT。
History has taught us that productivity can rise and living standards can rise, without creating structural unemployment. I do not believe that we will face long-term structural unemployment。
IN HIS VIEW, AI COULD ACCELERATE DATA PROCESSING AND PRELIMINARY ANALYSIS, BUT ECONOMIC JUDGEMENT STILL NEEDED TO IDENTIFY CAUSALITY, UNDERSTAND THE INSTITUTIONAL CONTEXT AND PLACE MODEL FINDINGS IN THE POLICY CONTEXT。
AT THE SAME TIME, HE NOTED THAT THE MAIN PATH OF ADJUSTMENT IN THE LABOUR MARKET WAS RETRAINING AND SKILLS UPGRADING, RATHER THAN MASS LAYOFFS. IN PARTICULAR, HE NOTED THAT CURRENT GRADUATES OF INSTITUTIONS OF HIGHER EDUCATION HAD GENERALLY INTEGRATED AI TOOLS INTO THEIR DAILY WORK AND THAT THE CURRENT GENERATION OF THE LABOUR FORCE WAS AHEAD OF ITS PREDECESSORS IN TERMS OF ADAPTIVE CAPACITY。
PEOPLE WHO WERE RECRUITED OUTSIDE THE CAMPUS TODAY ARE ALREADY USING THE AI TOOL EVERY DAY。