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flag Nobel laureate Peter Howitt warns AI threatens jobs and demands urgent regulation to avoid widespread disruption.

flag Nobel laureate economist Peter Howitt warned on October 13, 2025, that artificial intelligence, while offering transformative potential, poses serious risks to jobs and requires urgent regulation to prevent widespread labor disruption. flag Speaking after winning the Nobel Prize in Economics alongside Philippe Aghion and Joel Mokyr for their work on technological growth, Howitt highlighted the concept of "creative destruction," where innovation displaces existing industries, and stressed that unregulated markets won’t naturally resolve the resulting societal conflicts. flag He compared the current AI moment to past revolutions like electricity and steam power, noting uncertainty about its long-term impact on employment. flag In contrast, Mokyr expressed optimism that technology shifts workers toward more complex tasks and raised concerns about labor shortages from aging populations. flag The remarks coincided with California enacting the first major U.S. law requiring transparency in AI chatbot interactions, signaling growing governmental focus on managing AI’s societal effects.

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