Transition from Human to Machine Labor and the Future Role of Scarce Factors

Anton Korinek joins the podcast to discuss the effects of automation on wages and labor, how we measure the complexity of tasks, the economics of an intelligence explosion, and the market structure of the AI industry. Learn more about Anton's work at https://www.korinek.com  

Timestamps: 

00:00 Automation and wages 

14:32 Complexity for people and machines 

20:31 Moravec's paradox 

26:15 Can people switch careers?  

30:57 Intelligence explosion economics 

44:08 The lump of labor fallacy  

51:40 An industry for nostalgia?  

57:16 Universal basic income  

01:09:28 Market structure in AI