Artificial intelligence will have a profound impact on middle-class workers, says former Secretary of Labor, Robert Reich.
- The new systems AI would create could drastically transform the employer and employee relationship.
- Reich said that AI will increase efficiency and productivity, pressuring the advent of a universal basic income to fuel the economy.
The bottom line: “People have got to have enough money in their pockets to buy all of the things that the new economy is capable of producing. If you’ve got AI and all of these platforms and you’ve got people who are basically no longer needed, huge numbers of people, then how do you get money in their pockets to buy everything the economy is capable of producing? You simply can’t have an economy under those circumstances.”