Jeffrey Sachs

So war is good for them.

not for the people, but for the stock market.

Well, it's happening so much faster than anything else.

And we have metrics, which we call adoption rates.

How long does it take a certain number of users to use the technology?

And we've never seen anything like what we have right now.

ChatGPT is announced, and within weeks, it's hundreds of millions of users worldwide.

So we're seeing something that is happening completely at an unprecedented pace.

And I think that that will continue in terms of what it means for human well-being.

There are two issues.

One issue is the distributional issue that.

We say gainers economically could compensate those who lose because the overall pie grows.

Elon Musk, he doesn't really need a trillion dollars of personal net worth or whatever 600 or 700 billion, I didn't check this morning, he doesn't need that.

So if we actually distributed wellbeing in our country, we could have a broader gain.

Then there's the meaning of life and the meaning of work question, which is that these technologies in a fair society would mean less work.

The robots can do physical labor and the AI can do cognitive work of various kinds.

Is that a good thing?

In principle, again, if it's done thoughtfully, it could very well be a good thing because we would have more time for friends, for family, for leisure, for culture, for exploration, for other things, if the drudge work is actually carried out mechanically.

And so per se,

Earlier technologies, it's not true that they've always created new jobs to replace the old jobs.