Paul Krugman

And then, but it's not some upstart competitor bringing AI to word processing or number crunching.

It's...

It's quite straightforward for Microsoft to actually go right in there and do it itself.

So that might be a difference.

Now, it may be that we're just not thinking big enough and that there's something just radically different we'll break through.

But it is true that right now it's looking as if this is, in terms of market share, kind of less disruptive than some past technologies.

I think there's quite a lot of dislocation coming, although that's not new.

I mean, that has been the case with every major change and in every major

technological revolution, that a lot of jobs are destroyed and a lot of jobs are created.

And in the end, one way or another, there ends up being full employment because that's more or less, you know, mass unemployment due to automation has been, you know, people have been predicting that for a very, very long time and it never happens.

But the transition, a lot of people can find themselves in the wrong job, in the wrong place, sometimes geographically.

I mean, it just, it feels to me like it was just a year or two ago that we were telling people learn to code, and now it turns out that coding is one of those things that AI does, apparently.

I have no personal experience of it, but apparently does pretty well.

It does pretty well.

And, you know, the way I've been thinking about it.

So one of the sort of put down remarks that people make about large language models, and I'm not quite sure if it applies fully to everything else, but that it was just souped up autocorrect.

Which is, but the thing is, there were, first of all, you could say that something like agricultural machinery is just souped up guy with a scythe cutting down wheat, which didn't stop it from being hugely disruptive.

I mean, that we basically have, you know, we have fewer crops.

The United States is a major agricultural exporter and we have fewer farmers than we have people playing World of Warcraft.

So a technology can be sort of not all that magical and still have enormous impacts and destroy a lot of traditional jobs.