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Kathryn Anne Edwards

๐Ÿ‘ค Speaker
608 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

And if I covered the x-axis, you'd never find the internet.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

You'd never find computers.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

You couldn't point and say that's the year that the internet became mainstream or that's the year the personal computer sales took off.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

You would never see it because it takes a long time for that productivity to be adopted.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

So I think where we are right now is in a place where

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

where we don't have enough data points to parse out a story.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

And so we know what's going to happen.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

We don't know how it's going to happen or how quickly.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

That leaves room for both of these things.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

I mean, my instinct on this is that a lot of people are using AI on the job and that they've, you know, whether or not they told their employer, they've got ChachiBT or Claude going to help them work.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Could be to impress the boss, could be to prevent them being the one that gets laid off when something occurs.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

But people using it on the job versus adoption at the firm level, that would kind of be a clear cause and effect to layoffs.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

I don't think we've seen too much firm level adoption yet, which is what most economists would say when the layoffs would really start to roll in.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

You know, this is the problem with new technology.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

It's just it leaves a lot of room for guessing.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

I think what we can rest on are certainties and things that we know are happening.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

The economy is slowing down.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

The administration has destructive economic policy.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

And we have longstanding weaknesses in our labor market that can be exploited by new technology and would absolutely cause harm without having to guess.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

I take your point, but I'll put back to you, what do you need to know?