Whenever a new technology comes along it is a moral imperative that it must provide equal benefits to everyone all at once. If not, elite economics professors should be given gobs of money to conduct social science research explaining why we must hand more power to regulators and politicians.

Letting the market sort out how new technologies proceed down the learning curve can lead to unfairness. Instead of following the example of the personal computer industry, Artificial Intelligence (AI) development should be guided by the same kind of public-private partnerships that did such a great job designing our nation’s equitable healthcare system.

That’s why it’s a good thing that Nobel Prize winning MIT professors Daron Acemoglu and Simon Johnson have set up the Shaping of Future Work center. According to their dire warnings, without their help the AI Revolution could be as detrimental to human flourishing as the Industrial Revolution.

Our dynamic duo asks: “What are we inventing? Why are we inventing it? Whose lives are we improving? How does this lead to shared sustained prosperity around the world?” Wow.

It takes an elite intellectual to believe that AI will drive more construction workers, plumbers, doctors, nurses, and electricians out of work than bureaucrats, journalists, economists, consultants, and college professors.

Putting armies of Experts™ on the public dole so they can live a life of ease pondering such profound questions will surely “change the world in a better direction.”