Washington – Vice -president JD Vance Dressed recent globalization efforts that use “cheap work as a stool”, while at the same time hinders innovation in the world scale during a Tuesday technology and artificial intelligence speech.
“Our employees, the populists, on the one hand, the technical optimists on the other hand have failed by this government,” he said. “Not only the government of the last government, but the government in some ways of the past 40 years, because there were two conceit that our leadership class had when it came to globalization.”
Vance explained that recent globalization efforts wrongly assumed that world leaders “could separate things from the design of things”, and quoted the conviction, was that poorer countries would create goods such as mobile phones, while richer nations would move “the value change”.
“Now we assume that other countries will always follow us in the value chain, but it appears that as they got better on the low side of the value chain, they also started catching up the higher side. We were pressed from both ends. Now that was the first conception of globalization,” he said.
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Vice -President JD Vance speaks on American industry and employees in Washington, DC, on March 18, 2025. (Jim Watson/AFP)
Vance said that the efforts led to an addiction to cheap labor that has stopped innovation.
“Cheap labor is fundamentally a stool, and it’s a stool that brakes innovation,” he said. “I could even say that it is a medicine that too many American companies have become addicted to. Now, if you can make a product cheaper, it is far too easy to do that instead of innovating. And whether we were factories offshoring factories to give cheap labor economies or import cheap work through our immigration system, cheap drug of the medicine became the medicine of the medicine.
“And I would say that if you look in almost every country, from Canada to the UK that has imported large amounts of cheap work, your productivity stagnates,” he said. “And I don’t think this is not a total event. I think the connection is very direct.”
Vance argued that “Innovation is the key to winning the global production competition, to give our employees a fair deal and to reclaim our heritage through the large industrial comeback in America. “
The American Dynamism Summit is one Annual Tech Summit Organized by risk capital company Andreessen Horowitz. The event, which is in the third year, acts as a bridge between Silicon Valley in California and Washington, DC
Vance headed the event in the Waldorf Astoria and was accompanied by other remarkable speakers during the top, such as the Minister of the Interior Doug BurgumGeneral Bryan P. Fenton, who acts as Commander Commander of the US, and Democratic New York Rep. Ritchie Torres.
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Vice President JD Vance said that recent globalization efforts that use “cheap labor as a stool” have stopped innovation. (Jim Watson/AFP via Getty images)
Vance also expressed themselves against industry and world leaders who defend strict regulations on AI for concern about technology, and said their concerns are based on a defective starting point. ”
“This idea that Tech-Forward people and the populists will in one way or another inevitably come to a loggerheads is wrong,” he said. “I think the reality is that technology will continue in every dynamic society.”
The Vice President compared the rise of AI with the proliferation of ATMs in the 1970s, who were worried that bank narrators would be wiped out, similar to how some employees are worried about their work.
“I think there is too much fear that AI will easily replace jobs instead of increasing so many of the things we are doing now, “he said.” In the 1970s, if you go back a little, many feared that the automated counter machine, which we call the ATM, would replace bank -narrators. In reality, the arrival of the ATM Banktellers made more productive, and today you have more people who work in customer service in the financial sector than when the ATM was created. ”
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“Now of course they are doing slightly different jobs. Yes, they also do more interesting tasks, “he continued.” And more importantly, they earn more money than in the 1970s. “
Vice President JD Vance attended a separate Tech top in February, called the AI ​​Action Summit, where he scolded against Europe’s “fear” of artificial intelligence. (Josep Lago/AFP via Getty images)
In February, Vance attended a separate Tech top in Paris, called the AI ​​Action Summit, where he was ashamed of Europe’s “fear” of artificial intelligenceAnd its regulation as the obstructing of the future of innovation and jobs.
“Now, at the moment, we are being confronted with the extraordinary prospect of a new industrial revolution, one on the same footing with the invention of the Stoommoter of Bessemer Steel,” he said in Paris’s speech. “But it will never pass if over regulation will prevent the risks needed to promote the ball, nor will this take place if we have AI dominated by solid players who want to use the technology to censor or control the thoughts of users.
“And because AI creates new jobs and industries, our government, companies and labor organizations have the obligation to work together to not only authorize the employees of the United States, but … all over the world,” he added. “To that end, for all major AI policy decisions of the federal government, the Trump government will guarantee a seat at the table, and we are very proud of that.”
Vice President JD Vance speaks during a session on the Artificial Intelligence Action Summit in the Grand Palais in Paris on 11 February 2025. (Ludovic Marin/AFP)
President Donald Trump announced a massive artificial intelligence infrastructure plan on his second day at the office in January, in which it was explained that technology companies Softbank, OpenAi and Oracle bundled forces for a project called Stargate, which is working on building American data centers to encourage artificial intelligence. There was an initial investment of $ 100 billion in the project, with plans to expand to $ 500 billion for the next four years.
“The American development of AI systems must be free from ideological bias or technical social agendas,” said the White House about the executive order. (Chip Somodevilla/Getty images)
Trump also signed an executive command on his third day in the office called “Turning away barriers for American leadership in artificial intelligence.” The executive order has withdrawn the previously AI policy of Biden era that Trump said that “unnecessary tricky requirements has established for companies that develop and implement AI” that captivate the private sector.
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“The American development of AI systems must be free from ideological bias or technical social agendas,” said the White House about the executive order. “With the right government policy, the United States can be its position as a leader in AI and Secure a better future For all Americans. ”
Diana Stancy from Fox News Digital has contributed to this report.
