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Eric Siu argues that AI will displace jobs short-term but create new creative work long-term, just as the printing press and factory automation did. He questions whether defensive strategies make sense when efficiency gains are coming anyway.
Eric Siu argues that AI will displace jobs short-term but create new creative work long-term, just as the printing press and factory automation did. He questions whether defensive strategies make sense when efficiency gains are coming anyway.
But when you think about it, the jobs that happened before when most people were farmers, eventually those jobs got taken away and everyone's freaking out about that, right? Or even back in the day when the printing press came out, everyone's freaking out about that. It's like, oh my God, like we can't read newspapers, right? And then people started freaking out about, oh, they're going to lose their factory jobs. But these are jobs that people actually don't really want to do. And that's going to allow people to work on more creative things over time. So sure, there might be some short-term job displacement, but in the long term, I think everyone's going to be okay. They're going to want to work on things that they want to work on. That's long, long term. And I think long-term, the holding company model, I think it's worked out well for these companies in the past. I just don't think that's a game that is worth playing for the long-term based on how much more efficiencies we're going to gain.
