Expert opinions on Economics

I know there’s a lot of concern that many people have, including many smart people, that AI is going to make humans redundant and so on. I totally disagree with this point of view. And I think, in fact, AI is going to create a labor shortage.

the evidence on how AI is affecting the labor market today is inconclusive, and claims about harmful impacts on particular groups of workers are premature.

The financing for new models is coming from investors, and those investors are making a bet that the AI they're funding will be so good that employers can fire half their workers and replace them with AI, with the proceeds split between AI companies'...

Failure, in their eyes, means being left behind while AI automates large swaths of white-collar work – especially coding jobs, which until now have been a veritable licence to print money – and falling into the ranks of the permanent poor.

the evidence on how AI is affecting the labor market today is inconclusive, and claims about harmful impacts on particular groups of workers are premature.

Unless AI's rise is accompanied by an edict that people can no longer pursue new companies or initiatives, then the technology can't be a subjugation machine without some accompanying rise in empowerment. [...] Unless you're brutally pessimistic abou...

Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.

I'm skeptical that Universal Basic Income can get rid of grinding poverty, since somehow humanity's 100-fold productivity increase (since the days of agriculture) didn't eliminate poverty.

Instead of universal basic income, how about we stop taxing nurses who make $75,000 a year? We don't need to give her universal income yet — let's just stop taking money away from her.

There is no upper limit on how intelligent AIs will get or on how good robots will get, and I believe the advances will not plateau before exceeding human levels. [...] AI capabilities will allow us to make far more goods and services with less labor...

The concept of superintelligence is built on a flawed premise. The idea is that once you have an intelligence that is as good or better than humans — in other words, AGI — then that intelligence can improve itself, leading to a runaway effect. This i...