The Implications of Comparative Advantage in AI

There's this principle in economics called comparative advantage. Even if America is better at making both computers and corn, as long as we are even better at making computers than we are at making corn relative to Mexico, then it's still... We maximize welfare by America making all the computers and Mexico making all the corn and then trading. And the implication of this for AI is as long as AI isn't literally identical to human labor, then there will still be a labor market. But that's probably beyond the scope of this podcast.