Posted 3/22/2024, 7:00:04 PM
Why Comparative Advantage Theory Predicts AI May Not Take All Human Jobs
- A.I. may not take all human jobs because of the economic theory of comparative advantage - where humans focus on what they are relatively best at
- The economist Noah Smith argues humans will still have plentiful, high-paying jobs doing similar work as today
- Other economists are skeptical of this optimistic view about the future of human work
- The theory states that even if A.I. is better at everything, its owners will focus it on the highest value tasks
- Comparative advantage suggests humans should specialize in jobs A.I. is only slightly better at, like teaching yoga