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by JauntTrooper
482 days ago
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Under the 3-factor economic growth model, there's three ways to increase economic growth: 1) Increase productivity (produce more from the same inputs)
2) Increase labor (more people working or more hours worked)
3) Increase capital (builds more equipment/infrastructure) Early AI gains will likely be from greater productivity (1), but as time goes on if AI is able to approximate the output of a worker, that could dramatically increase the labor supply (2). Imagine what the US economy would look like with 10x or 100x workers. I don't believe it yet, but that's the sense I'm getting from discussions from senior folks in the field. |
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