dwarkesh.com

Alex Imas and Phil Trammell – What remains scarce after AGI?

If David Ricardo woke up and somebody told him all those jobs did get automated, and then asked him, 'What do you think the prime-age employment rate is in 2026?', I think he'd be surprised to be told it was the highest it's ever been other than 2000. What David Ricardo ended up missing is that you have these economics of structural change, where everything that got automated became cheap. People had more money to spend, and then they started spending it on services.

noahpinion.blog

Roundup #82: Staring in wonder at the world

Immigration — even low-skilled immigration — creates a labor demand shock that balances out the labor supply shock (because the same immigrants who supply labor also demand products that are made with labor). Almost every study finds this.

platformer.news

Google's James Manyika is betting that doomers are wrong about AI and jobs

Some of those predictions were made two years ago — that in two years, 50% of jobs would be wiped out. Well, two years is up. Let's take a look. And anybody who makes that prediction for two years from now, I'm willing to take the bet.

ai-supremacy.com

Is Generative AI creating more Jobs?

The displacement force is different this time, impacting cognitive and white-collar work rather than factory floors. But every other element of the structure is remarkably familiar: a powerful disruption, immediate job losses in exposed sectors, and a wave of offsetting gains that keep headline unemployment low.