Jim Power

Enjoy yourself in France and talk to you later in the week.

Hello, Chris.

Good to talk again.

Thursday afternoon, April 30th, just to put that on the record.

A lot of economic data, a lot of central bank decisions over the last couple of days that warrant some discussion.

But I want to start with a topic that is just...

dominating the headlines more and more, and that is artificial intelligence.

We've had so many reports.

We've had so many different views on it in recent times.

My attention was grabbed last weekend by a piece in the Financial Times Weekend by John Byrne Murdoch, a journalist there.

And the title of the piece was What the AI Jobpocalypse Misses.

You know, he starts off by quoting the narrative that AI will destroy huge numbers of jobs in the knowledge economy.

And we know this because of particular jobs it's good at.

OK, so in other words, if AI is good at doing a certain task, jobs in that area will be destroyed.

But he has a more nuanced view on it.

He says that the impact of technology's

The impact of technology is dependent on a number of factors.

So it's not straightforward.

He looks at the growth of the Internet and software, and he concludes that if there's a pent up demand for a good or service, when it becomes cheaper or more abundant, consumption will rise strongly and that will create other jobs.

So with the rise of the Internet and software, a lot of jobs were created in web development areas.