I think it's a very big issue, and depending on the regulatory regime, I don't think privacy is guaranteed in what can and cannot be tracked. Our phones are full-time surveillance devices that not only know all the things we do but report that information to third parties for money. That is then resold. Privacy will be compromised unless regulation prevents it and unless people have ownership of the right to privacy. I think it's a very serious concern.
If I may, Mr. Chair, I'll respond very quickly to something that Ms. Janssen just said about AI and jobs. I do not think we should take it as a historical fact that technology has always improved jobs. The Luddites were absolutely correct that power mills wiped out their employment. Not only that, but wages didn't rise for six decades, and growth was stunted; starvation increased.
I'm not saying that these advances weren't ultimately beneficial, but these technological changes are never uniformly an improvement for all jobs or all people. There are almost always losers—peoples whose expertise is devalued—and when we make these big transitions, we should be prepared to help people adjust to those transitions. This will not be costless—