Look at the jobs report for the past two years. There's been hardly any new jobs created in the business services sector, and we know that attrition alone would mean more openings over a two year period. So, AI is already having the effect of killing jobs.

Typical Academic garbage every Ai tool does automate parts of a job, which inevitably blurs the line. When software makes a worker five times more productive, a company eventually needs fewer workers to output the same volume. So Ai is essentially replacing people !!

the replacement workforce gets the gains. we get to compete with it.

AI真正颠覆的可能不是某个行业，而是“劳动换收入”这套分配机制。如果AI创造的价值来自替代大量白领，那么问题就不再是AI能创造多少GDP，而是这些新增价值最终由谁获得、又如何重新分配。

I really want a place where one can make a public bet on AI replacing people fully. I would bet otherwise. This nonsense has gone too far. There is absolutely no way AI can replace humans. It is a failure of human intelligence that it can't see that AI can never be intelligent enough to replace human work. The context of our work is so varied, at times so personal, and at times so without meaning that AI will never be able to do it.

That's why the Universal income BS doesn't make sense. On another note, I think for the next 20 years there will be a long list of TODOs for automation that were put on hold in the past due to costs. Also landownership will be a big deal once labour(AI) becomes cheap.

US businesses now thrive from lawsuits & mergers. Not sales. Can’t sue an AI. Legal rulings reinforced the warranty law void tech CEO’s claim no warranty. Can’t sue for unlimited damages, i.e. Delta airline/Crowdstrike bug. Companies replacing humans also replace litigiation too

Hot take. Fuck your jobs. I already lost mine as a developer and no one gave two shits when it was my job. Let it do all the work and we’ll figure out how to make it work later.

"AI replaces people", "people lose their life's meaning" I wonder if this man has ever consider that there's more to life than production of goods and services and job titles? Sometimes it's so weird to read these absolute idiot takes from people who are suppose to be smart.

The hours I spent on his models years and years ago. His opinion carries real weight

Is this clown show finance professor back for round 2 after being apocalypticly wrong about the uber valuation?

Expansion of money creation never needed peoples income or working but an illusion of it. It continues unabated with money getting worthless and people getting feeling richer.

Demand collapses if nobody has disposable income to spend.

Tractors replaced people and we seem to be okay

Why would companies replace people with an Anthropic API when they can do that with a local model or cheap open one. That said AI is still likely to bankrupt your company in one transaction and say my mistake, if you let it.

New forms of white collar. Jobs will emerge. Its not the end of the world in any case the world has to produce factors more energy to meaningfully replace human work

Higher ED is in for a huge reset!!

yeah and what happens when people unite to destroy all AI companies? exactly. that part will come too.

No value jobs, Low value jobs would be replaced by Superintelligence

Wow. A business prof who falls for the 'lump of labor' fallacy? PLEASE.

Jevon's paradox will always be confusing to people.

Replacing human labor on that scale changes the whole game.

The economy isn’t a zero sum game.

terrifying is one word for it

The optimists will say that humans freed from the kinds of jobs that AI can do will be released to do the jobs AI cant do. That is an ever shrinking pool as AI continually extends the boundaries of its capabilities Optimists also say that AI will produce so much abundance that work will become optional for humans anyway. But producing abundance is a technological problem we seem to be on the verge of solving, while distributing abundance is a political problem we are barely at the beginning of solving. Pessimists think that large numbers of permanently unemployed people with no purpose to their lives will cause societal breakdown, but these pessimists are people with careers that mostly involve sitting in comfortable, climate controlled offices discussing interesting topics with people who mostly agree with them. Most people dont have a career or a purpose, they have a job. Tell a miner after a 10 hour shift underground or a retail worker after 10 hours on her feet working a till, that they are about to lose their purpose and they'll think its a sick joke. The reality is that the vast majority of the human population will be freed from drudgery and choose to use that freedom to indulge in AI generated entertainment. That offends those who think equate work with morality, a cognitive bias that has to be shed before the real solutions to the real problems that the transition to a non-human work force will create.

"who buys the products" is the question labs don't price in

And yet only around 5% of AI projects in organisations generate enough ROI to stay in production. Having anything that can hallucinate at the controls is a large barrier to getting anywhere close to the market sizes projected.

Labor reductions are not attributed to AI productivity gains, but more so to offset high CapEx.

@grok is it really necessary for individuals to buy and sell goods and services or can not corporations simply transact between themselves and government?

So easy to answer

The central question appears to be: Will AI act as a substitute or as an enhancement for labor? It’s easy to imagine it as a substitute for some kinds of work, less so for others.

‘Dean of Valuation’ has not used any existing examples of AI or technology deployment and how it relates realistically in defining realistic valuation. Too big brushes hallucinating all over!

Human imagination will create new roles for newer pursuits

Most of the jobs indians have taken?