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How AI Might Impact the Economy—and What Government Could Do About It
['Paul Massari']
The Harvard Kenneth C. Griffin Graduate School of Arts and Sciences
I’d love it if we could begin with the four scenarios for AI that you outline in the paper.
Nobody knows what kind of economic outcomes are going to result from the rise of AI.
The first scenario is the more optimistic, which is that AI raises productivity growth, which raises income growth, and that the income gains are broadly shared.
You say that not all of that will come from higher tax receipts due to economic growth.
Under current law, the faster economic growth associated with AI improves the budget situation.