If the anecdote were real, it would still be an anecdote: tempting to generalize, but wise to hold loosely.
The article is about how AI will lead to a labor surplus in certain professions, while other professions will retain employment.
The article compares this to the Black Death, where labor supply decreased uniformly. Labor was then able to extract concessions from capital.
Industrialization leads to a different outcome: capital captures more value initially, while devastating workers in the short-term. In the long-term, everyone benefits from higher living standards. Even if the article is correct about AI impacts, it doesn't explain why AI is different from all prior industrialization.
This article is fiction followed by commentary.
If the anecdote were real, it would still be an anecdote: tempting to generalize, but wise to hold loosely.
The article is about how AI will lead to a labor surplus in certain professions, while other professions will retain employment.
The article compares this to the Black Death, where labor supply decreased uniformly. Labor was then able to extract concessions from capital.
Industrialization leads to a different outcome: capital captures more value initially, while devastating workers in the short-term. In the long-term, everyone benefits from higher living standards. Even if the article is correct about AI impacts, it doesn't explain why AI is different from all prior industrialization.