3min chapter

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Alex Tabarrok - Prizes, Prices, and Public Goods

Dwarkesh Podcast

CHAPTER

The Bumble Effect: Is AI Automation Overblown?

The Bumble Effect suggests that AI automation fears are overhyped because more and more of the economy is service-based. The stagnant sectors do tend to grow, so education and healthcare have become a bigger part of our economy. I think it means that we're not going to run out of work. That's true. But I worry about certain types of labor, you know, can be overrun by automation.

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