Generative AI’s Disruption: Is this Time Really Different?

Economies have been subjected to profound disruptions from technological change in the past -- from the adoption of weaving machines in the 19th century, to the mechanization of agriculture, and the use of robotics in manufacturing. Yet,

An episode of the EconoFact Chats podcast, hosted by EconoFact, titled "Generative AI’s Disruption: Is this Time Really Different?" was published on September 15, 2024.

September 15, 2024 · EconoFact Chats

Summary

Economies have been subjected to profound disruptions from technological change in the past -- from the adoption of weaving machines in the 19th century, to the mechanization of agriculture, and the use of robotics in manufacturing. Yet, these disruptions very often led to a broad increase in societal wealth, and the creation of entirely new occupations. Will generative AI both disrupt and benefit economies? Michael Strain joins EconoFact Chats to make a case for AI optimism, highlighting how America's experiences with technology-driven disruption have proved a net benefit historically. Mike is the Director of Economic Policy Studies, and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also a member of EconoFact's board of advisors.

Episode Description