Benjamin Todd
speaker
4,140 appearances
3 recordings
1 series
first heard Sep 2023
last heard 28 May
Benjamin Todd’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 2.
Appearances
But now mostly those have been replaced by like two guys with like 10 screens.
Yeah, so that's often one way that automation goes is like smaller number of higher paid workers doing more.
But then...
Yeah, well, sometimes automation has, if it makes a job easier, it can actually increase employment.
So one example is with ride sharing.
It used to, at least in London, it's actually really hard to become a taxi driver because you had to memorize the entire roadmap of London.
And there was like a limited number of spots.
And now it's a lot easier to just log into Uber, get your own car, and you can become a taxi driver.
So that's decreased wages by about 20%, but three times more people work as drivers than in the past.
And like, maybe you could have a thing where say, for example, a job that would have needed a doctor before could now be done by a nurse with AI aid.
And so you could actually see nurse employment growing because now those workers can do things that would have required 10 years experience before, but the experience is contained within the AI instead.
The third thing is the jobs that AI will be struggling to do the longest are things like service sector jobs and blue-collar jobs and physical jobs.
And so those ones will see potentially rising wages, and that's actually an inequality problem.
decreasing effect where that's like around 50 or 60% of people work in those sectors and they tend to be like below the median wage or around the median wage and that could be going up.
That's the transitory effect.
If we look out longer, I do think AI most likely would increase inequality.
And one reason for that is essentially it means labor is becoming less important relative to capital.
Because capital is what lets you buy all the robots and chips.
And then whoever has the most robots and chips produces the most stuff.
And so he gets the most money.
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