On Tuesday, Vice President JD Vance said the Trump administration’s support for AI and technological innovation should benefit populists and those who invest and lead tech companies.
“I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance at the Andreessen Horowitz US Dynamic Summit In Washington, DC
Although Vance acknowledges that new technology could lead to the displacement of certain jobs, like bank tellers when ATM was invented, he said history shows that innovation ultimately helps create more attractive, higher-paying jobs.
“What I suggest is that every group, our workers, our populists, populists on the other hand, and the techno-optimists on the government, not only the last 40 years of government, but in some ways the government’s failure,” Vance said.
The Trump administration promises to give the technology sector freedom to innovate by not imposing major regulations on AI.
The vice president also argued that “international rearrangement of trade and tariff regimes” and reduced immigration would be a suppression of offshoring.
“Basically, cheap labor is a crutch, which is a crutch that inhibits innovation,” Vance said. “We don’t want people to invest and build in the United States of America.”
