This is the final two paragraphs of Briggs' section: The second more existential risk is that “this time is different” and AI is fundamentally a more labor-rep

This is the final two paragraphs of Briggs' section: The second more existential risk is that “this time is different” and AI is fundamentally a more labor-replacing technology than those that inform our historical analysis. While tech sector commentators extrapolating from their own experience tend to lean into this view, we believe that past technology shocks provide a useful guide to the likely labor displacement from AI automation (although effects could be larger if the eventual emergence of AGI eventually makes human input in knowledge-based work tasks redundant). That said, the answer to “is this time different?” will be hard to prove or disprove until the labor market holds up or doesn’t in the coming years. So, the debate around this question will remain lively for the foreseeable future.