AI's Influence on the Economy with Nathan Labenz

"Econ 102" with Noah Smith and Erik Torenberg

In this episode, Noah Smith and Erik Torenberg are joined by Nathan Labenz, co-host of The Cognitive Revolution Podcast, to deep dive into AI's impact on our economy and society. They discuss how AI might affect the job market and society, drawing comparisons to past economic changes. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

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RECOMMENDED PODCAST: Sourcery by Molly O'Shea

Sourcery by Molly O’Shea brings the conversations founders and investors have behind closed doors into the light. Subscribe for upcoming episodes with: Delian Asparouhov of Founders Fund and Varda Space, and Chris Power of Hadrian.

Spotify: https://open.spotify.com/show/2Ni3Tese9CtZa3oxpCjgTg

YouTube: https://www.youtube.com/@SourceryVC/

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SPONSOR: NETSUITE

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Links:

Noah Smith's Noahpinion https://www.noahpinion.blog

The Cognitive Revolution podcast

• Spotify: https://open.spotify.com/show/6yHyok3M3BjqzR0VB5MSyk
• Apple: https://podcasts.apple.com/us/podcast/id1669813431

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X / TWITTER:

@labenz (Nathan)

@noahpinion (Noah)

@eriktorenberg (Erik)

@TurpentineMedia (Turpentine)

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TIMESTAMPS

(00:00) Intro

(00:39) AI and the Future of Employment

(03:48) The Intersection of AI, Robotics, and Biotech

(04:53) Economic Disruption

(06:33) Future of Jobs in an AI-Dominated World

(08:22) AI's Impact on Economy

(10:36) Pessimism Surrounding AI's Economic Impact

(12:21) Comparative Advantage in the AI Era

(14:02) AI Replacing Human Jobs

(19:19) Sponsor: Netsuite

(19:30) New Social Contract in the AI Era

(34:21) Human Wages in an AI-Dominated Economy

(39:31) Impact of AI on Job Market

(41:40) Fear of AI Taking Over Human Jobs

(47:47) Role of Government in AI Development

(50:06) Potential Risks and Benefits of AI

(53:14) Future of AI and Its Social Impact

(58:45) Fear of Totalitarian States and AI

(01:05:35) The Need for a Positive Vision for AI

(01:11:18) Wrap