The public AI debate is a false dichotomy between 'hype folks' and 'doomers.' Both camps operate from the premise that AI is or will be supremely powerful. This shared assumption crowds out a more realistic critique that current AI is a flawed, over-sold product that isn't truly intelligent.

Drawing on Frédéric Bastiat's "seen and unseen" principle, AI doomerism is a classic economic fallacy. It focuses on tangible job displacement ("the seen") while completely missing the new industries, roles, and creative potential that technology inevitably unlocks ("the unseen"), a pattern repeated throughout history.

The debate around AI's impact presents an asymmetric risk. Underestimating AI's capabilities could lead to obsolescence for individuals and companies. Conversely, overestimating its short-term impact results in some wasted preparation, a far less severe and more recoverable outcome.

There's an 'eye-watering' gap between how AI experts and the public view AI's benefits. For example, 74% of experts believe AI will boost productivity, compared to only 17% of the public. This massive divergence in perception highlights a major communication and trust challenge for the industry.

The growing, bipartisan backlash against AI could lead to a future where, like nuclear power, the technology is regulated out of widespread use due to public fear. This historical parallel warns that societal adoption is not inevitable and can halt even the most powerful technological advancements, preventing their full economic benefits from being realized.

AI leaders' messaging about world-ending risks, while effective for fundraising, creates public fear. To gain mainstream acceptance, the industry needs a Steve Jobs-like figure to shift the narrative from AI as an autonomous, job-killing force to AI as a tool that empowers human potential.

The gap between AI believers and skeptics isn't about who "gets it." It's driven by a psychological need for AI to be a normal, non-threatening technology. People grasp onto any argument that supports this view for their own peace of mind, career stability, or business model, making misinformation demand-driven.

The most immediate danger from AI is not a hypothetical superintelligence but the growing delta between AI's capabilities and the public's understanding of how it works. This knowledge gap allows for subtle, widespread behavioral manipulation, a more insidious threat than a single rogue AGI.

The narrative "AI will take your job" is misleading. The reality is companies will replace employees who refuse to adopt AI with those who can leverage it for massive productivity gains. Non-adoption is a career-limiting choice.