David Friedberg

I think fundamentally, if you're driving productivity with AI, you're driving leverage on human time and leverage on capital.

I think fundamentally, if you're driving productivity with AI, you're driving leverage on human time and leverage on capital.

The question is, how quickly can you drive that up?

The question is, how quickly can you drive that up?

And that's a function of how much consumption there is, how much capacity there is for consumption.

And that's a function of how much consumption there is, how much capacity there is for consumption.

So on the one hand,

So on the one hand,

I'll just speak broadly.

I'll just speak broadly.

I think like humans have this desire to improve their livelihoods by roughly 10% every year, meaning like your income and your ability to purchase stuff that's new relative to where you were last year has to go up by 10% for you to be happy.

I think like humans have this desire to improve their livelihoods by roughly 10% every year, meaning like your income and your ability to purchase stuff that's new relative to where you were last year has to go up by 10% for you to be happy.

If it's less than 10%, you're probably unhappy.

If it's less than 10%, you're probably unhappy.

That's just like an anecdote.

That's just like an anecdote.

Like, I think, I think that's sort of like my rubric for thinking about like, why are people unhappy or happy?

Like, I think, I think that's sort of like my rubric for thinking about like, why are people unhappy or happy?

So if your earnings are the same, but things are getting more expensive, you're not happy.

So if your earnings are the same, but things are getting more expensive, you're not happy.