The Editor:
As a tech entrepreneur turned venture capitalist, I often find myself at the centre of conversations around how AI (artificial intelligence) can help Canada overcome its productivity problem and lift our real per capita GDP growth from its last position among advanced economies. Indeed, AI can be a boon, but comes at a dangerous cost which we need to mitigate through sensible regulation as soon as possible. I am increasingly concerned about the lack of safeguards in our province to protect human jobs from the encroachment of AI technologies.
AI impact on jobs is widespread — administrative, technical, finance, and even creative jobs are all at risk. According to PwC, up to 30 per cent of jobs could be automated by the 2030s. Without safeguards, we could see a substantial loss of jobs, leading to increased unemployment and economic disparity. The NDP government has shown a glaring oversight and negligence in establishing regulations to safeguard our workforce, which raises the question: Why is our government not prioritizing the livelihood of its people?
California has enacted policies to regulate AI. Governor Newsom recently signed an executive order to develop a comprehensive approach to AI regulation, including a supportive framework for those transitioning due to AI advancements and training programs to ensure workers can adapt and thrive in an AI-integrated economy.
In contrast, British Columbia lags behind, putting our workforce at a significant disadvantage. The B.C. government’s recently announced innovation strategy lacks measures to mitigate AI risks to employment. Without concrete actions to balance technological growth with job protection, we risk exacerbating unemployment and economic inequality.
For families, the threat of job loss due to AI means financial instability, stress, and reduced quality of life. For young workers, entry into the workforce becomes a daunting task with fewer opportunities and greater competition for the remaining jobs. Those in the workforce may find themselves needing to upskill or reskill, often without adequate support. Implementing safeguards to protect human jobs from AI is not just about preserving employment — it’s about ensuring a balanced and fair transition into an AI-driven future.
Mr. Eby, we cannot afford to let AI advancements outpace our regulations and leave our workers vulnerable.
It’s time for B.C. to step up and ensure that the benefits of AI are shared equitably, without compromising the livelihoods of its people.
For once, wouldn’t it be nice to have regulations with foresight, instead of playing catch-up after the fact?
- Sam Chandola, Founder of First Fund
