AI will displace some jobs, but history shows technology boosts productivity and lowers prices. The computer revolution raised living standards despite job shifts, and AI should follow the same pattern.
Everybody's talking about the jobs that will be lost to AI. The other thing they're not saying is about the prosperity this is going to create. Think of the efficiencies that will be increased. I mean, of course, software is eating the world, right? And, you know, with the software and the computer revolution over the last couple of decades, we certainly saw massive increased productivity. We saw systems get better, we saw supply chains get better, we saw prices decline because of this, and standard of living improve in many ways. So, yes, the, the jobs will be lost, but also, yes, there will be improvements in productivity that lead to lower prices, which lead to higher standard of living.
