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The Future of Work and AI Impact on Jobs
The historical trend suggests that automation and increased efficiency create more time for innovation and lead to the creation of new goods and services, thus continually generating new jobs and roles. Over the next two decades, structural disemployment is highly unlikely, as there is no evidence of it in the statistics today. However, in the longer term, there is a risk that many people may not be able to produce things of sufficient value compared to AI, leading to potential job displacement. The speaker suggests that work isn't the ultimate goal of society, and that the focus should be on creating more efficient ways to keep people productive and healthy, liberating them from the obligation to work. This quest for radical abundance would also require addressing the challenges of redistribution, including the taxation and capture of value created in the new regime.