Claude, don’t touch my lump - by Adam Mastroianni

kept by eddie oct 14

AI won't cause lasting unemployment because human wants are endless; as old jobs fade, new desires create work, making the lump‑of‑labor idea a fallacy of finite desires.

Alex Imas and Phil Trammell – What remains scarce after AGI?
Economists argue that after AGI, scarcity may shift to human-relational services, but the labor share's fate depends on whether new capital varieties prevent satiation.
also on Alex Imas, #automation, #ai
When Will They Take Our Jobs?
Even if AI capabilities continue advancing, human employment may persist for 10-20 years during the 'Cyborg Era' but will eventually end as AI becomes superior, though premature policy interventions to protect jobs should be avoided.
also on Alex Imas, #ai
Estimating AI productivity gains \ Anthropic
Analyzing 100,000 real Claude conversations, Anthropic estimates AI reduces task completion time by 80%, implying a 1.8% annual US labor productivity increase.
also on Bureau of Labor Statistics, #economy, Anthropic, #ai
How to Build Wealth as a Career Person – Asher's Blog
A steady career can build wealth by increasing your value, saving and investing the surplus, and avoiding lifestyle inflation over time.
also on Bureau of Labor Statistics, #economy