Jared Bernstein

By the way, you're speaking to someone who just finished watching the Netflix show Adolescence last night.

I haven't done that one.

Oh, my God.

Talk about social media and its distortions.

But...

I'm with you.

So we are shoulder to shoulder on this.

And one of the things I tell people is members who are thinking of trying to figure out how to run on this is precisely that.

That don't think everybody out there thinks AI is as cool as you do.

They're threatened by it.

And you just mentioned two things.

You mentioned the lack of preparation for people who were hurt by expanded globalization in the 90s and the 2000s when China, you know, at Bill Clinton's behest, China joins the WTO and we get our butts kicked.

And no one was ready for that.

politicians failing to create guardrails to protect people from a massive shock.

And so, you know, woe be Titus if we make that mistake again.

You said yourself a minute ago correctly that we do not yet know the extent to which AI is going to displace people in the workforce.

Right.

What you do in that situation is you hope for the best and you plan for the worst.

Now, what we didn't do in the globalization era, when globalization was taking off, we hoped for the best and we didn't plan for the worst.

And in fact, we did the thing that economists always do.