Nobel-winning economist has an idea to stop 'extremely disruptive' A.I. from harming society

Not everyone agrees that AI will be such a bad thing, however. Research firm Gartner, for instance, said in a recent report that AI could in fact create 2.3 million jobs by 2020, exceeding the 1.8 million that it could wipe out. Shiller, who won the Nobel Prize for Economics in 2013 for his work on asset prices and inefficient markets, said he advocated some kind of "livelihood insurance" to mitigate against the potential loss of jobs or drop in incomes that AI could cause. "I think that people are facing career risks like never before and what I've advocated in the book'Finance and the Good Society' is that I think we should think about some kind of insurance program for individuals and their careers, and to prevent inequality from just running its course," he said.