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@jameselbaor Restrictions on adopting AI or layoff protections in “AI-exposed” industries.
If the government makes it more expensive to employ or fire people, the result will be that companies will pay less or not create jobs at all.
AI has reignited an old fear—that technology will eliminate work. In a new F&D piece, I argue that the outcomes will depend more on the policies that govern the adjustment than on AI as a technology (thread)
https://t.co/E5Qqd1Pcw8
We do not know what the future of work will look like. But it will be heavily shaped by the policies and institutions that govern how economies adapt to technological change.
The goal of policy should not be to protect specific jobs, companies, or industries. It should be to incentivize employees and businesses to adapt and to unlock the productivity gains from AI. This requires flexibility, dynamism and sound structural policies—not stasis.