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3min chapter
Baseball, Dollar Dogs, Apple Pie and Transaction Costs
The Answer Is Transaction Costs
The Future of Work: Automation, AI, and Democracy
This chapter examines the transformative effects of automation and AI on service jobs, particularly in reducing transaction costs and altering the job market. It highlights the efficiency of sorting applications while addressing concerns of misidentification and recommends a book discussing democracy and its influence on public benefit.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode