Eric Schmidt

Let's say we don't.

Yeah.

You must be in favor of UBI.

Look, humans are unchanged in the midst of this incredible discovery.

Do you really think that we're going to get rid of lawyers?

No, they're just going to have more sophisticated lawsuits.

Do you really think we're going to get rid of politicians?

No, they'll just have more platforms to mislead you.

Sorry.

I mean, I can just go on and on and on.

The key thing to understand about this new economics is that we collectively, as a society, are not having enough humans.

Look at the reproduction rate in Asia.

It's essentially 1.0 for two parents.

This is not good.

So for the rest of our lives, the key problem is going to get the people who are productive, that is, in their productive period of lives, more productive to support old people like me, who will be bitching that we want more stuff from the younger people.

That's how it's going to work.

These tools will radically increase that productivity.

There's a study that says that we will, under the set of assumptions around agentic AI and discovery and the scale that I'm describing, there's a lot of assumptions,

that you'll end up with something like 30 percent increase in productivity per year.

Having now talked to a bunch of economists, they have no models for what that kind of increase in productivity looks like.