- White House economic advisor Hassett stated that AI technology is significantly boosting U.S. worker productivity, potentially leading to a slowdown in hiring and a "calm period" in the labor market.
- He emphasized that this is likely a short-term phenomenon, as strong output and income growth will allow the free market to address these issues relatively quickly.
- Hassett also noted that concerns about AI replacing entry-level jobs are not new, and he acknowledged the challenges posed by previous government policies on consumer prices and spending.
