Morgan Housel

Why would anyone want to listen to a human?

That was what I thought two years ago.

How many notebook LN podcasts have I listened to since then?

Zero.

Because I don't want to listen to a bot describing it, even if it's perfect and accurate and fluent.

I want to listen to the messiness of another human who's actually experienced these things going into it.

So I'm actually not that optimistic that AI is going to disrupt art, writing, music, art, those kind of things as much as some other people.

But of course I have a stake in that game.

Well, one, there's a lot of that if it is as disruptive to labor and employment as people think, a lot of times people will say, oh, well, there's a solution for that.

It's universal basic income that look, we're going to have 30 percent unemployment, but we'll just send people five grand a month and say, you can just go write poetry and toil in your garden and like you don't have to work anymore.

We'll take care of you.

I think there's so much evidence that if you think work is hard, try boredom.

It's a hundred times harder.

And the idea that we can just pay a third of society to not work, the amount of mental illness that that would unleash on society would be off the charts.

And so that's pretty much the only solution that people have of like, oh, it's gonna put people out of business, but we'll take the profits from AI and just pay them off effectively.

That would not work in a million years.

And you see this during deep recessions, like after 2008,

A significant number of people were unemployed for more than 12 months, and that destroys people.

That's not unemployment.

That leads to mental breakdown at that point.