4 ms·

there's always more work to do. the workforce is always tied up in a few areas of work. once they're freed, they're able to work in new areas. the unemployment

there's always more work to do. the workforce is always tied up in a few areas of work. once they're freed, they're able to work in new areas. the unemployment due to technological development isn't due to a reduction in work (as in quantity of work available and/or necessary). the more efficient we become, the more work areas we open up.

nico 1y ago
> there's always more work to do Right on point As shown by never-shrinking backlogs Todo lists always grow The crucial task ends up being prioritizing, ie. figuring out what to put in priority at the current moment
hwillis 1y ago
> Indeed, the reported productivity benefits were modest in the study. Users reported average time savings of just 2.8 percent of work hours (about an hour per week). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5219933 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5219933 > Our main finding is that AI chatbots have had minimal impact on adopters’ economic outcomes. Difference-in-differences estimates for earnings, hours, and wages are all precisely estimated zeros, with confidence intervals ruling out average effects larger than 1%. At the occupation level, estimates are similarly close to zero, generally excluding changes greater than 6%.