Alex Imas

Well, the company has a lot higher incentive to invest that money if they know that if they invest that money, hey, they can get rid of that person completely.

Whereas they have less...

when, you know, let me invest in automating the lever pull if I know that I can't fire the person because he's also going around and doing a lot of stuff.

So we have to think about the incentives of the firms to automate in the first place.

These are large projects to do the automation.

It's not like, oh, OpenAI releases a model

all of the companies adopted overnight.

We see it in, you know, a week later, we see the outcome.

There's a lot of an organizational kind of going back and forth.

A lot of systems need to be changed, all of this sort of thing.

And so companies need to know, like, look, if I spend the money on it, I'm actually going to save money as a result.

Yeah, I hate to say one-dimensional because every job is multi-dimensional.

But if I had to make a guess where economists and other people should be kind of worried, I'd say stuff like truck driving.

And stuff like warehouse workers.

Like if you Google, you know, warehouses built in China or something like that, these warehouses look nothing like what we think about warehouses.

They're completely, completely automated.

They have robots like crawling on the walls.

Yeah.

There's no human in the loop at all in these warehouses.

And so, oh, the warehouse gets automated.