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The not so short run

I have a friend who works for a top VC fund in the Bay Area. Part of the job description is generating slop for LinkedIn; even the most desirable occupations have their issues it seems.

Like all slopfests, there are occasional pearls of wisdom. Here is one I saw which I thought was worth sharing:

But the debate over the most extreme scenarios conceals a more immediate threat: Even in the most limited cases, A.I. will break the career ladder for millions of current and future workers, a prospect often waved away with euphemisms like “transitional friction”. The Oxford economist Carl Benedikt Frey puts it plainly: ” Most economists will acknowledge that technological progress can cause some adjustment problems in the short run. What is rarely noted is that the short run can be a lifetime.”

There is a Chinese quote, which poorly translated, means “When a dust drop of history lands on a person’s head, it becomes a mountain”. I think it is rather relevant here, especially as AI is by no means a dust drop.

At least in our lifetime.

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