Big Technology Podcast
Will AI Really Take Our Jobs? And If So, Then What? — With Albert Wenger
Jan 10, 2024
Albert Wenger, a partner at Union Square Ventures and author of The World After Capital, dives into the tumultuous relationship between AI and employment. He argues that job loss due to automation is imminent, challenging more optimistic views. The discussion highlights the risks posed to job security, particularly in tech. Wenger also shares insights from his UBI experiment, painting a picture of how such measures could reshape our economy and support those displaced by technology. Tune in for thought-provoking insights on the future of work!
37:00
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Quick takeaways
- The debate over AI job loss centers on creating a society that can distribute automation's benefits effectively.
- The current labor market may be stuck in a 'low automation trap,' and even job augmentation can increase pressure on employment.
Deep dives
AI and Job Loss
The podcast episode explores the debate surrounding whether AI will lead to job loss and how to address this issue. The guest speaker emphasizes the positive impact of automation throughout history, such as in agriculture. However, the focus shifts to the question of creating a society and economy that can effectively distribute the benefits of automation and ensure people are not fearful of its consequences. There is a disagreement between the host and the guest about the extent of AI job loss. The guest argues that current examples of automation may not lead to significant job loss, but the host contends that the transition period may be harsh and that the nature of automation in this wave differs from past waves.
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