Technocrats make sensible policy preparations in case a technology revolution does take place
Greetings to all. Thanks to Tej Parikh for writing last week’s Free Lunch on the bearish case against the artificial intelligence hype. I’m dipping back in this week to contribute some accompanying thoughts on how the public policy thinking on AI is evolving. For the next three weeks, various FT colleagues will keep the newsletter going so you can keep up during what I hope will be restful and re-energising holidays for all Free Lunch readers.
There is a parallel here with how greater manufacturing productivity went hand-in-hand with rising western factory employment in the three decades to the late 1970s, after which the opposite applied as ever fewer workers were needed to make the volumes of manufactured goods that markets could absorb . What to do, given how little we can at present predict? The IMF report has some good ideas.
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