Kelsey Piper

Yeah.

So the biggest launch in the last six months has been the wide launch of agent models, which are instead of just responding to you in a chat screen, they go out and do things.

The biggest thing they do is code.

They are really remarkably good at writing code.

A year ago I was hearing from people, it's nice because you can like ask it some questions and it will speed up your coding.

Six months ago I was hearing from people, it's kind of like having a grad student that you can ask to run some analyses for you.

Now I'm hearing from programmers.

I don't really write code anymore.

I just write a spec and then the AI builds the code that I ask them to build.

Very much so.

Yes.

So I think Martha is entirely right that we have not yet seen significant AI-associated job loss.

I think almost everybody who's worried about this, what they're doing is not so much, oh, I've already lost my job to AI.

Most of what people are saying is, all right, imagine that we learned the new class of students entering the workforce in 2028 was going to be 10 million people, 100 million people, and all of them are willing to work for pennies.

Maybe in the long run, the economy will end up being much wealthier because of this huge influx of productive labor.

But as people who will be competing with that productive labor, we are not necessarily thrilled.

So if you think that that's where AI is going, millions and millions of AI agents that will work basically for free, then I think people are completely right to be scared of that.

That will probably, in the absence of very decisive policy action, make your life worse.

I think that right now the government is being caught very flat-footed.

But one thing that we saw with COVID was that if a shock does hit very suddenly and affect a huge share of the American public, Congress can move into action very fast.