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hey there welcome back this video is about what noriel rubine thinks about the super fast technology artificial intelligence AI will AI make people jobless in 2024 how about new noriel rubini has the answer so there are many factors that actually are speculationary that reduce growth and increase cost of production in the medium long-term technology is going to be deflationary but we might be facing a decade of stagflation before we see the bright light of technology and AI increasing growth and reducing inflation I couldn't agree more with noriel rubini's insights on the deflationary impact of technology in the long run however there's a Twist to the story while we might face some tough times ahead with stagflation I firmly believe that the game-changing potential of technology and AI can ignite positive economic Transformations sooner than anticipated so get ready to explore the captivating dance between growth inflation and Technology as we dive deep into the mysteries of the Future Let's challenge the status quo and uncover the exciting possible abilities that lie ahead alrighty then immerse yourself in the captivating world of stagflation where sluggish economic growth and surging inflation create a formidable landscape noriel robini cautions that this combination may be our reality for the next decade while technology and AI offer hope the complexities of factors like de-globalization and tensions cannot be ignored now let's consider the role of Regulation amidst these risks as we contemplate the timeline for productivity gains in the next two to three years as well as the longer term effects over the 10-year span you mentioned the question arises where does regulation step in well we know that we may need to regulate AI because there are a number of side effects one of them might be excessive oligopolistic or dual ballistic concentration the second one may be Museum formation and this information and affecting elections and other stuff the other side consequences you know AI may increase the economic pie but might lead to permanent technological unemployment initially among blue-collar workers than white collars and even some of the creative classes yes it's easy to get caught up in the enchantment surrounding AI but let's not forget that there's a darker side to this technological Marvel we need to seriously consider the need for regulation AI isn't just a magical unicorn it comes with its own set of challenges we've witnessed its potential for power hoarding the spreading of fake news that disrupts elections and the unsettling effect it can have on the status quo it's time we tackle these issues head on and bring some order to this wild technological Frontier but wait there's more brace yourselves for a mind-blowing revelation while AI has the potential to supercharge the economy and open up new opportunities it also has has the power to shake up the job market and guess what no one is safe from its impact not blue collar workers not white collar professionals and not even those in Creative Fields this Revelation is not meant to send you into a panic but rather to inform and prepare you for what lies ahead intelligent regulation is the need of the hour we cannot allow the progress of AI to result in widespread unemployment without a well thought out plan we must come together put our heads together and seek solutions to ensure a smooth transition for everyone affected it's only through responsible regulation that we can navigate this thrilling yet occasionally treacherous AI landscape so keep your eyes on the horizon as we navigate this exciting Journey let's stay one step ahead advocating for responsible regulation and creating a future where technology and human well-being coexist harmoniously are you ready to face the AI Revolution with wit and wisdom together we've got this yes I love technology political uncertain is going to lead to policies and certainty not just policy and certainty about economic policies of course the economic policies of Trump would be very different from those of Biden but also the geopolitical consequences uh you know if Trump had been empowered this time around I would say that Russia would already have taken over all of Ukraine and his policies towards the Russia Ukraine conflict are kind of we don't care about it is it going to be more aggressive even more aggressive than by them on China possibly so where a cold war getting colder we have to find a models of Eventing with China if we escalate this conflict eventually there could be you know a hot War so there are both differences in economic policies in taxation policies in regulatory policies but also in foreign policy and geopolitics they're going to have a meaningful effect of course on the economy on the markets and overall policy uncertainty is not good for the economy rubini's concerns go beyond the realm of economic policies and dive deep into the unpredictable Waters of political uncertainty he paints a picture of how different geopolitical consequences could have unfolded if Trump had secured another term according to him Ukraine would have been swallowed whole by Russia leaving us to face the intense aftermath it's like a roller coaster ride through a geopolitical Minefield and the stakes couldn't be higher but here's where the plot thickens it's not just about economic policies it's about the intricate web of Taxation regulations foreign policy and geopolitics these factors have a domino effect that can send shock waves through our economy and markets it's a high-stakes game of economic changa and one wrong move could have catastrophic consequences will AI Technologies make our jobs obsolete in 2024 that's the million dollar question we're here to explore let's shift our attention to another crucial topic that has been on the minds of many I wholeheartedly agree with the renowned Economist noriel rubini when he raises concerns about the potential impact of artificial intelligence AI on job opportunities in the year 2024 as we delve deeper into this matter it becomes essential to consider the implications AI might have on the workforce as we Ponder the future it's vital to acknowledge the pressing issue at hand the recent devastating wildfires in Canada have not only wreaked havoc on the affected regions but have also severely impacted air quality particularly in the northeastern United States this occurrence has further highlighted the urgency of addressing climate change BlackRock CEO Larry Fink has emphasized the significance of investing in Sustainable Solutions to combat the risks posed by climate change this brings us to an important question how will these Solutions impact our economy in light of noriel rubini's concerns and the potential consequences of AI advancements it is crucial for us to explore the implications of this technological Revolution on employment will AI truly render people jobless in the upcoming year let's delve into this topic and examine the potential repercussions of AI on our Workforce yes it's really time to Dive Into the Heart of the matter AI has the potential to revolutionize various Industries and streamline processes but we mustn't Overlook the potential downside noriel rubine raises an important question will AI technology render human workers obsolete it's a concern that many of us share especially as we witness the rapid advancement of AI systems as machines become increasingly capable there is a real possibility of job displacement and a significant impact on employment rubini's Insight serves as a reminder that we need to approach this technological Revolution with caution while AI undoubtedly brings immense benefits and efficiency gains we must also ensure that adequate measures are in place to protect jobs and provide opportunities for those affected however I don't want to paint a picture of Doom and Gloom the rise of AI doesn't have to be a death sentence for human workers instead let's view it as an opportunity for growth and adaptation as rubini suggests we must invest in new technologies and equip ourselves with the skills necessary to thrive in this evolving landscape rather than succumbing to fear let's embrace the power of human Ingenuity AI may be capable of performing certain tasks with great efficiency but it lacks the creative and emotional intelligence that makes us uniquely Human by harnessing our creativity critical thinking and empathy we can carve out a niche that complements AI Technologies I need a vacation the Journey won't be without its hurdles but with resilience adaptability and a dash of human Spirit we can create a harmonious Synergy between humans and machines the power to shape our destiny lies within us and together we can lead the way to a prosperous AI assisted world if you enjoyed this exploration and have gained a deeper understanding of the potential implications we appreciate your support as we continue to look ahead it's crucial to stay informed and adapt to the evolving landscape
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