Alex Imas

Yeah, talk about that.

If things are fast, we need public policy.

We need, the new jobs aren't gonna come fast enough.

Training isn't gonna happen fast enough.

Where you're gonna get, things are gonna get fully automated very quickly and people are gonna become unemployed.

There's not gonna be enough time in the economy to see that pretty little graph of agriculture shrinking and services increasing.

That took a long time, right?

This is decades.

If we're on the order of like years or like five years, six years, we're not gonna have time to see that pretty little graph.

We are going to need to think about how do we support the people who are becoming unemployed.

And, you know, many very smart people have made suggestions on how to do that.

I think my personal, I wouldn't say favor, but I think the thing that makes most sense to me is somehow expanding the ownership of capital.

If labor is replaced by capital, then what's going to help people is formerly you were a labor, in labor now you own capital.

E-T-C, U-T-C.

Or Bloomberg.

Well, this experiment, this is with Andy Hall and Jeremy from Australia.

It was kind of an experiment to see how working conditions of these agents would affect how they would present themselves and what sort of attitudes they would present on surveys.

So one thing that I want to say is we're not saying we're changing the model weights or changing the actual underlying parameters or anything like that.

But what basically we showed is that when these workers are...

these agents are being put through kind of like these grueling working conditions and you ask them a survey, like how do you feel about these sorts of, how do you feel about the system?