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Alex Imas

๐Ÿ‘ค Speaker
354 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

There's the O-Net database that has very, very detailed records.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

I'm like, here's a job and here's like a whole vector of things that are involved in that job.

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Alex Imas on Why Economists Might Be Getting AI Wrong

So I'd say on that part, like just listing the tasks,

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

Pretty good.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

The thing that I think we're less good on is how those tasks relate to one another.

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Alex Imas on Why Economists Might Be Getting AI Wrong

This is the term called complementarity.

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Alex Imas on Why Economists Might Be Getting AI Wrong

So this is the weak links model is essentially saying like, look, if tasks are completely separable, let's say I pull a lever at my factory and I talk to people on the factory floor and these are completely independent.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

If I fail to pull the lever correctly, the other part of my job is unaffected.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

There's other parts of the job, like cooking, for example.

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Alex Imas on Why Economists Might Be Getting AI Wrong

Let's say I'm really good at 90% of the job, but I really screw up the seasoning.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

That meal tastes like garbage.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

You haven't succeeded.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

So when the tasks are interrelated, screwing up on one or two tasks means you did not complete your job.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

And it basically is kind of almost a zero-one sort of relationship.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

So the extent of that complementarity at how these tasks are related will determine the extent to which

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

automation is going to affect the labor market.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

And we don't have good numbers on that.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

Exactly.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

Exactly.

Odd Lots
Alex Imas on Why Economists Might Be Getting AI Wrong

So that's something we need data on.