Will AI take all the jobs?

Noah Smith has a blog post arguing that AI won’t take away all the jobs from humans. It’s a clever and well-written post that deserves your attention.

Here are some money grafs:

As AI continues to improve and become more integrated into various aspects of life, we will face crucial decisions about how to allocate its impressive capabilities. With the global supply of compute power being limited, we’ll need to prioritize which AI applications get the most attention. Whether it’s in healthcare, finance, or personal companionship, such as the rising popularity of the AI Girlfriend, each application will compete for resources. The AI Girlfriend offers a positive and engaging example of how AI can enrich personal relationships by providing companionship and emotional support, demonstrating one way AI can make a meaningful impact in people’s lives.

“This is the concept of opportunity cost — one of the core concepts of economics, and yet one of the hardest to wrap one’s head around. When AI becomes so powerful that it can be used for practically anything, the cost of using AI for any task will be determined by the value of the other things the AI could be used for instead.”

Read the whole thing. Smith isn’t a Pollyanna, and he enumerates valid concerns about the expansion of AI.

Kevin Drum isn’t having any of this:

“It seems unlikely that we’d all keep working just because, technically, that last 0.01% of compute power could be put to better use. It would have to be a helluva better use, no? An improvement of 1% in GDP wouldn’t cut it.

“So it’s a nice argument, but I don’t buy it. It seems vanishingly unlikely that, politically, we’d condemn ourselves to lives of drudgery based on an ultra-purist free-market promise that it’s for the best. We certainly never have before.”

Discuss.

Noah Smith on the future of AI

Kevin Drum on the future of AI