Fox Host Grills Kevin Hassett Over AI-Related Layoffs, He Insists ‘Those Are Headlines That You See Every Year’
Fox’s Martha MacCallum Grid Director of the National Economic Council Kevin Hassett On artificial intelligence-related layoffs in Friday’s issue Story“These are the headlines you see every year,” he insisted.
MacCallum recently quoted layoffs — and subsequent statements from companies like UPS and Amazon blaming advances in artificial intelligence for the outages. “I’m wondering what you think the impact will be on the U.S. economy if we continue to see these types of layoffs of people who went to college, are working a white-collar job, have been there 3-5 years, and are about to experience pink slips,” he asked.
“Obviously, our hearts go out to everyone who’s lost their job, but the job creation right now is a positive,” Hassett said. at the forefront take over the Fed chairmanship Jerome Powell He will take office when his term expires in May. “When people use AI at work, they are more productive and see better —”
“You see the layoffs that are happening,” MacCallum interrupted. “Do you hear?”
“I read the news as much as you do, Martha,” Hassett applauded. “If you’re unfortunate enough to have your company say, ‘I’ll replace you’… if you switch to a new profession, AI will help you train faster… The labor market is positive, the GDP and income numbers are really positive. We see the headlines, but these are the headlines you see every year.”
Looking puzzled, MacCallum clarified: “So you’re saying there’s no AI refactoring job structure coming in the United States?”
“Artificial intelligence makes people more productive, which allows some companies to do the same amount of work with fewer workers,” Hassett said. “But then these workers go and find another job, and that’s why labor markets look so solid right now.”
Hassett especially in September said CNBC said the latest jobs report was “somewhat disappointing at the moment.”
Watch the clip above via Fox.
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