Will advances in AI and automation lead to large long-term net job losses or mass unemployment, rather than overall job creation?

“as these industries increasingly get automated using robotics, AIs wouldn't need humans anymore.”

“there's a complete collapse in aggregate demand. And so they've got numbers on that, they've got numbers on the one side, which I think is correct, but all the returns basically go to capital. They have aggregate wages staying constant, which just mathematically is impossible with this”

“As you cross reliability thresholds, both with white collar and human-eyed robots, You destroy jobs, and you leave no high ground.”

“People who say there'll be net additional jobs, I don't understand what they're thinking. They must not understand the piece of improvement we're on, that, you know, the reliability.”

“When you invent radial tires that last four times as long, for some weird reason, people didn't drive four times as much. And Factories that make tires employ a quarter of as many people. When you replace people in Amazon warehouses with robots, people don't buy more because of that.”

“As soon as you complete the entire task, it doesn't matter that there's demand elasticity. That goes into the token budget. It doesn't go into the human salary budget. ... You destroy jobs, and you leave no high ground.”

“Once you replace human cognition as a scarce element, in fact, you blow it away in terms of working 24 hours a day, reading more, knowing every language. There is no scarcity that you're moving up.”

“I think things like that, you, you may have technical assistance when you get there, that a computer helps diagnose the problem and helps fix the air conditioner, but I don't think the jobs, I, I talk to people every day, and many of them are, well, you're going to have to carry things and install things. You have to”

“It completely ignores the fact that there's ways for knowledge workers to take advantage of the tools and lean into it.”

“We just published, I think, one of the lowest unemployment rates in the US. And I think that this idea That your current job is going to get disrupted and you're going to lose your job. I don't think it's how the enterprise transitions.”

“The consumer of technology don't have to deal with calculus and physics and quantum physics. Quantum chemistry and they, they don't, the, the users, which is, you know, the people we're talking about right now, the people whose jobs are affected, they're the users of the technology. Their abstraction is going to be much higher.”

“the fallacy, and now it's, you know, because of some of the narratives and some of the storytelling has turned into myth, and it's harmful, is that, that, AI will destroy jobs, which is fundamentally wrong. It'll change every job. It'll change every job. Many tasks will be automated.”

“I believe that, that we are going to see, jobs change in mass. I believe there's going to be a net creation of jobs.”

“everything tells us, all the data up until now, that there will be more jobs and more to do. ... There will be more work to be done, more judgment, more taste to be imposed.”

“We're gonna either not have a problem, or we're gonna have really utopian future.”

“I believe that's flawed because there's a piece of input, the human input, this intangible, it is not in calories, it's not in joules, it's ambition. And I believe the power of ambition is the greatest force in fact.”

“I think we're going to have an entrepreneurial explosion so I I I say and I've I know I'm singing your song here peter so I I just say to these young kids because you know it is true entry level jobs are are are are not filling up the way they used to so people coming out of school”

“this is a blessing in Disguise. you should start your own company with AI and no employees, and keep, keep Interviewing. And my guess is you'll get a job very quickly because you'll be showing initiative, trying to solve a problem in the world, and you're going to be using AI.”

“there's a complete collapse in aggregate demand. And so they've got numbers on that, they've got numbers on the one side, which I think is correct, but all the returns basically go to capital. They have aggregate wages staying constant, which just mathematically is impossible with this”

“as these industries increasingly get automated using robotics, AIs wouldn't need humans anymore.”

“this is a blessing in Disguise. you should start your own company with AI and no employees, and keep, keep Interviewing. And my guess is you'll get a job very quickly because you'll be showing initiative, trying to solve a problem in the world, and you're going to be using AI.”

“I think things like that, you, you may have technical assistance when you get there, that a computer helps diagnose the problem and helps fix the air conditioner, but I don't think the jobs, I, I talk to people every day, and many of them are, well, you're going to have to carry things and install things. You have to”

“I think we're going to have an entrepreneurial explosion so I I I say and I've I know I'm singing your song here peter so I I just say to these young kids because you know it is true entry level jobs are are are are not filling up the way they used to so people coming out of school”

“We're gonna either not have a problem, or we're gonna have really utopian future.”

“I believe that, that we are going to see, jobs change in mass. I believe there's going to be a net creation of jobs.”

“everything tells us, all the data up until now, that there will be more jobs and more to do. ... There will be more work to be done, more judgment, more taste to be imposed.”

“We just published, I think, one of the lowest unemployment rates in the US. And I think that this idea That your current job is going to get disrupted and you're going to lose your job. I don't think it's how the enterprise transitions.”

“I believe that's flawed because there's a piece of input, the human input, this intangible, it is not in calories, it's not in joules, it's ambition. And I believe the power of ambition is the greatest force in fact.”

“the fallacy, and now it's, you know, because of some of the narratives and some of the storytelling has turned into myth, and it's harmful, is that, that, AI will destroy jobs, which is fundamentally wrong. It'll change every job. It'll change every job. Many tasks will be automated.”

“It completely ignores the fact that there's ways for knowledge workers to take advantage of the tools and lean into it.”