Brace for disruption but A.I. won't eliminate jobs completely, says Singapore's deputy prime minister
CNBC 2023-06-06 04:20:46 • 4 mins
Key Points
- Singapore's Deputy Prime Minister Lawrence Wong said he expects technology including artificial intelligence to disrupt the labor market, but it won't eliminate jobs completely.
- "I do not believe we will end up with a jobless future, a dystopian jobless future where machines take over humans for everything and humans become upset because technology can replace some tasks," said Wong at the Asia Tech x Singapore 2023 summit.
- What will really change is the nature of jobs in blue and white-collar occupations, said Wong, adding that workers need to learn to adjust and adapt amid the impending disruptions stemming from AI.
Lawrence Wong, Singapore's deputy prime minister and finance minister.
Kiyoshi Ota | Bloomberg | Getty Images
Singapore's Deputy Prime Minister Lawrence Wong said he expects technology including artificial intelligence to disrupt the labor market, but it won't eliminate jobs completely.
In fact, technology can make humans more productive and create more jobs, he said at the Asia Tech x Singapore summit on Tuesday.
