Forget artificial intelligence breaking free of human control and taking over the world. A far more pressing concern is how today’s generative AI tools will transform the labor market. Some experts envisage a world of increased productivity and job satisfaction; others, a landscape of mass unemployment and social upheaval.
Someone with a bird's-eye view of the situation is Mary Daly, CEO of the Federal Reserve Bank of San Francisco, part of the national system responsible for setting monetary policy, maintaining a stable financial system and ensuring maximal employment. Daly, a labor market economist by training, is especially interested in how generative AI might change the labor market picture.
Daly spoke with WIRED senior editor Will Knight over Zoom. The conversation has been edited for length and clarity.
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