"Upstream" with Erik Torenberg cover image

"Upstream" with Erik Torenberg

E53: Nathan Labenz and Noah Smith on What AI Actually Means for the Economy

Apr 5, 2024
Nathan Labenz and Noah Smith discuss AI's impact on job markets, government roles, and the social contract. They explore comparative advantage, human wages in an AI-dominated economy, and the need for positive visions in the age of abundance.
01:13:58

Podcast summary created with Snipd AI

Quick takeaways

  • AI's impact on job markets raises concerns about job displacement and income uncertainty.
  • Comparative advantage theory suggests humans will find lucrative work despite AI advancements.

Deep dives

Comparative Advantage in VC Fundraising

VC fundraising success in 2024 is not solely determined by performance. Most LPs can't assess VCs until their third or fourth fund, seven to eight years in. The key to raising billions lies in exploring the opaque space of LP navigation with interviews from industry experts like Michael Kim, Besar Clarkson, and Chris Dubos.

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