Speech by Gerald Giam On An Artificial Intelligence (AI) Transition with No Jobless Growth Motion
Mr Speaker, we face a structural threat to our workforce. For decades, Singapore’s economic model has been built on the premise that a highly educated and skilled workforce would hold the keys to a prosperous future and be a buffer against economic storms. However, we are now in the midst of a paradigm shift where artificial intelligence (AI) is not only augmenting human capability, but in many ways, replacing it. Unlike past economic cycles, where such turbulence could be written off as an episode of creative destruction, AI promises to be a harbinger of a fundamental shift in our economic and social relationships. Taking this concept further, it would impact even the roles that the government plays in mediating between the individual and society.