Kevin Hassett said AI creates jobs rather than kills them. Firms using AI see sales, employment and wages rise. Firms not using AI start to fail. Most U.S. adults still fear AI will erode employment. Hassett compared AI to the 1990s internet productivity boom. He expects a 4% annual GDP growth due to AI investment. U.S. AI investment from 2025 to 2032 may total $10.3 trillion. Polls show 71% of U.S. adults believe AI will reduce jobs. Hassett spoke at the Economic Club of New York.
- 71% of U.S. adults fear AI job loss
- $10.3T U.S. AI investment 2025-2032
- 4% annual GDP growth forecast
Sources