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White House Report Examines Potential Economic Impact of AI-Driven Automation

1 min read

The White House has published a report that explores the potential impact of artificial intelligence-driven automation on the economy.

Kristin Lee, communications director and senior policy adviser at the White House’s Office of Science and Technology Policy, wrote in a blog post published Tuesday that the report predicts AI-driven automation will contribute to productivity growth and change skills required by the job market.

The study also forecasts that automation will create jobs while others will become obsolete; cause job loss in the short-run; and bring uneven distribution of impact across sectors, wage levels, education levels, job types and locations.

Policymakers should prepare for various outcomes since there is “substantial uncertainty” on the economic effects of AI-driven automation, Lee wrote.

The report recommends three strategies to address the impact of AI-driven automation such as investment in and development of AI technologies; education and training for future jobs; and transition support for workers.

Lee said collaboration between government, industry, technical and policy experts and the public can play a key role in policy development.

The White House released the “Artificial Intelligence, Automation, and the Economy” report as a follow up on a previous study titled “Preparing for the Future of Artificial Intelligence” that was published in October.

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