Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about the impact of rising health insurance costs in California. "This is disastrous for both economic security and health,” says Gruber. “Studies have shown that losing insurance is associated with enormous economic risk and worse health, including death."
Prof. Daron Acemoglu speaks with WBUR’s Here & Now co-host Scott Tong about the role of institutions in the overall prosperity of nations and some of the current challenges facing the US. “It’s a very important part of rebuilding democracy that we have to make experts trusted again. And that has to start with us,” says Acemoglu. “We have to be much more down to Earth. We have to be honest about when we are certain of something and when we are uncertain. And, I think we have to make certain that it’s not our political views that drive our advice or our analysis.”
Principal Research Scientist Andrew McAfee speaks with New York Times reporter Steve Lohr about why companies are not yet seeing the economic payoff of AI implementation in the workforce. “It’s not surprising that early A.I. efforts are falling short,” said McAfee. “Innovation is a process of failing fairly regularly.”
Prof. David Autor speaks with CNN’s Fareed Zakaria about how China moving into sectors like robotics, AI, quantum computing, fusion power, telecommunications, aviation and more could significantly impact the U.S. economy. Autor notes that by focusing on the last trade war with China, “the U.S. is distracting itself from the really formidable challenge we find ourselves facing now from China’s incredible innovative capacity and very, very intensive investment.”
Prof. David Autor speaks with CNBC about how Chinese industrial policies could impact the United States. “The U.S. needs to recognize that it would be much more effective if it worked with its allies,” says Autor.
Writing for The New York Times, Prof. David Autor and Prof. Gordon Hanson of Harvard explore how China is “aggressively contesting the innovative sectors where the United States has long been the unquestioned leader." To avoid a second China Shock, they emphasize that the United States “must nourish industries that have high potential for innovation, funded by joint investments by the private and public sectors.”
Prof. David Autor speaks with ABC News reporter Max Zahn about how AI will affect the job market. "We're not good at predicting what the new work will be; we're good at predicting how current work will change," says Autor.
Prof. Simon Johnson speaks with Planet Money host Robert Smith about the role institutions play in prosperity gaps in different countries. “I think democracy is absolutely essential for shared prosperity, because if power isn't widely shared across society, in any kind of authoritarian system, you're going to have a situation where, you might have a good ruler or a pro-growth ruler for a while,” says Johnson. “But then they're going to get cranky. They're going to die and pass it on to somebody else who's really not good for growth. So authoritarian rulers are highly unreliable in terms of sustained prosperity."
Prof. Danielle Li speaks with New York Times reporter Noam Scheiber about the various impacts of AI in the workplace on employees. “That state of the world is not good for experienced workers,” says Li. “You’re being paid for the rarity of your skill, and what happens is that A.I. allows the skill to live outside of people.”
A new research paper by Prof. David Autor and Principal Research Scientist Neil Thompson explores the forthcoming impact of AI on jobs, reports Tim Harford for Financial Times. “[W]hile there are few certainties, Autor and Thompson’s framework does suggest a clarifying question: does AI look like it is going to do the most highly skilled part of your job or the low-skill rump that you’ve not been able to get rid of?,” writes Harford. “The answer to that question may help to predict whether your job is about to get more fun or more annoying — and whether your salary is likely to rise, or fall as your expert work is devalued like the expert work of the Luddites.”
Prof. David Autor joins Possible podcast hosts Reid Hoffman and Aria Finger to discuss everything from the cross-country road trip that helped inspire his research focused on technology, work and inequality to how AI might impact American workers. Autor notes that if AI technologies are implemented in the best way possible for humankind, “we would give people more secure and fulfilling work. We would give them more access to education and access to better healthcare, everywhere. And those things alone would improve welfare in so many dimensions. Not just in terms of material standard living, not just in comfort, but investing in our kids, creating opportunity for the next generation.”
A new book edited by Prof. Gary Gensler and Prof. Simon Johnson examines the current administration’s impact on the global economy and how new policies could lead to “a profound weakening of both US economic dynamism and the global system it once led,” reports Sam Sutton for Politico.
Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about the increase in cigarette taxes in various states across the United States. “There is a large body of economic evidence that shows that higher taxes will reduce smoking – particularly among the young and the poor,” says Gruber. “The downside is that the poor will pay more for cigarettes, stretching their budgets, but that is largely offset by the fact that they will smoke less. If the revenues are used to fund smoking cessation efforts among the poor, which have shown to be effective, this is a great policy opportunity."
Prof. Gary Gensler speaks with Bloomberg Surveillance about his new book examining the potential economic impacts of current policies in Washington. “I don’t think the tariffs are going to help,” says Gensler. “I think they’re going to hurt and interestingly they’re going to particularly hurt also in rural communities because rural communities have to sell their farm goods and they’re agricultural products overseas.”
Prof. Daron Acemoglu speaks with Salon reporter Russell Payne to explain how “the calculations made by the current generation of AI are fundamentally different from how humans think.” Acemoglu explains: “The more talk of artificial super intelligence we have, the more of a boost these companies get, especially in terms of being able to raise funding, in terms of being in the spotlight and high status, high ability to convince others.”