On Tuesday, Vice President J. D. Vance said that the Trump administration’s support of AI and tech innovations should benefit both populists and those investing and leading tech companies. 

“I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance at the Andreessen Horowitz American Dynamism Summit in Washington, D.C.

While Vance acknowledged that new technologies could lead to a displacement of certain jobs, as was the case with bank tellers when the ATM was invented, he said that history shows that innovation ultimately helps create more engaging, higher-paying jobs. 

“What I propose is that each group, our workers, the Populists on the one hand, the tech optimists on the other, have been failed by this government, not just the government of the last administration, but the government in some ways, of the last 40 years,” Vance said.

By not imposing significant regulations on AI, the Trump administration promises to give the tech sector the freedom to innovate. 

The vice president also argued that “rearranging trade and tariff regime internationally” as well as reduced immigration would act as a disincentive for offshoring.   

“Cheap labor is fundamentally a crutch, and it’s a crutch that inhibits innovation,” Vance said. “We don’t want people seeking cheap labor. We want them investing and building right here in the United States of America.”