This is a cynical piece with a political. Its argument is that AI won't cause unemployment in the US because regulations in industries like healthcare, educatio

This is a cynical piece with a political. Its argument is that AI won't cause unemployment in the US because regulations in industries like healthcare, education, and housing won't allow it. The centerpiece of the argument is this plot, showing how those sectors are becoming a greater and greater share of GDP over time: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F975d2151-7def-45a4-8c52-878cf32d8c7b_1320x1424.png https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_pr... No one disagrees that healthcare, education, and housing are "broken" in the US. But the US is only one economy. The plot looks different for other economies. For example, Scandinavian countries with high taxation have free healthcare, free education, and no homelessness.