Alex Imas

So what does that mean?

It means even though we're eating just as much as we were before, because the price has come down so much, they are now tiny shares of the GDP, right?

What is made up the larger part of the GDP?

It's services, right?

These are tasks that haven't been automated yet.

So the question is, the number one question of economics in the age of advanced AI is what becomes scarce, right?

Everybody's talking about abundance.

We're going to have abundance.

Sure, we're going to have abundance of some things, but some things are going to remain scarce.

So if you answer that question, what's going to be scarce, a lot of the other answers pop out of it.

Yeah.

So health is going to be one of those things.

But the thing to keep in mind is that people are going to be richer.

Right.

Theoretically.

Theoretically.

Theoretically.

I would say not that confident.

There's several scenarios out there.

And the thing that I feel like a lot of economists and just people in general I think aren't talking enough about is speed.