Do AI Risks Require Extraordinary Government Intervention?

In a recent essay, Derek Thompson engages with AI as Normal Technology (AINT). He agrees with our thesis about AI’s slow labor market impacts, relying on the fact that GDP growth has so far been average, unemployment is below 5%, and even jobs that seemed vulnerable to automation show rising employment and wages. He concludes that so far, the macroeconomic picture is consistent with what we would expect from a “normal” general-purpose technology.