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Why AI Won't Cause Unemployment

  • Article
  • Mar 5, 2023
  • #ArtificialIntelligence #Business #Laboureconomics
Marc Andreessen
@pmarca
(Author)
pmarca.substack.com
Read on Substack
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Fears about new technology replacing human labor and causing overall unemployment have raged across industrialized societies for hundreds of years, despite a nearly continual rise i... Show More

Fears about new technology replacing human labor and causing overall unemployment have raged across industrialized societies for hundreds of years, despite a nearly continual rise in both jobs and wages in capitalist economies. The jobs apocalypse is always right around the corner; just ask the Luddites.

We had two such anti-technology jobs moral panics in the last 20 years — “outsourcing” enabled by the Internet in the 2000’s, and “robots” in the 2010’s. The result was the best national and global economy in human history in pre-COVID 2019, with the most jobs at the highest wages ever.

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Immad Akhund @immad · Mar 4, 2023
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Great post by Marc. He makes an amusing argument that most of the GDP+jobs of the US are going to be in industries that suffer regulatory capture and therefore AI won’t take away jobs.
Ömer AKALIN @TestOmer · Mar 27, 2023
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Disagree.
Tim Ferriss @tferriss · Sep 20, 2023
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