According to Nobel laureate Angus Deaton, generative AI has the potential to replace many jobs and significantly increase productivity. Deaton believes that AI will automate tasks currently performed by humans, leading to job losses across various industries. However, he argues that this disruption could ultimately benefit society by boosting economic growth and living standards. Deaton cites the example of the Industrial Revolution, which initially caused job losses but eventually led to higher productivity and improved quality of life. He suggests that generative AI could have a similar transformative impact, automating tasks and freeing up human labor for more creative and innovative pursuits. While acknowledging the potential downsides, such as job displacement and income inequality, Deaton emphasizes the need to embrace technological progress and find ways to manage its consequences effectively.