David Autor is quoted in this article about whether the AI shock will be similar to the China shock of the early 2000s, and why it matters.

“‘The China trade shock was experienced by U.S. firms as a pure negative competitive shock,’ he said. ‘All of a sudden, they couldn’t charge the prices they were charging. Someone else was charging much less. And so from a firm perspective, this was all bad.’

AI, however, has the potential to drive up productivity and lower prices, Autor argued, making it appealing from a business perspective, but potentially more disruptive to labor.”