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Ep289 - Jerry Kaplan | Humans Need Not Apply

Talks at Google

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AI Is the Substitution of Capital for Labor

Up until around 1970, we found ways to distribute the economic benefits of increased productivity broadly across society. But it doesn't take much to see an economist's or lamenting the fact that those days are over. As economists know, automation is the substitution of capital for labor. The struggle between capital and labor is a losing proposition for the workers.

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