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
And as AI gets more useful, the value of making AI 1% more efficient again actually increases in value because more is being done with AI.
The third one is that we could use far more of the outputs, which was the elasticity point we talked about before.
So like accountants, it's less obvious because maybe like a more fixed amount of it we need, whereas say like healthcare or luxury travel or software are things that society could use way more of.
And then the fourth one is that it's hard for other people to learn the skills.
So in the book, I talk about the example of
being a waiter at a high-end restaurant is actually pretty hard for AI to automate.
It's a thing where we might really want a person to do it for the human touch.
But...
It's relatively easy for other people to switch into that job from other things, which could mean wages would probably still rise in line with the rest of the economy, but might not rise faster.
It might not be one of the most valuable skills.
On the other hand, say people like electricians who work on data centers in Virginia, they've already seen big increases in wages because that's a skill set that takes longer for other people to retrain and there's just a shortage of them now.
Yeah, those would be the four key things to look for in which skills will increase in value.
Yeah, and then I would say, you don't want to just look at what will increase in value.
You also want to look at what's valuable now.
And so start as that as your base point, and then kind of like,
imagine some will go up and some will go down.
So this is one reason why I think it doesn't make that much sense to say, oh, you're like a college student who could do consulting, but you should become a plumber instead because like the differential of those white collar jobs and plumber are still quite large now.
So even if white collar jobs come down in wages and plumbers go up a bit in wages, it might be quite a long time before they actually cross.
So instead that person should probably be looking at a white collar job
but it's like one of these parts that's harder for AI to do.
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