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by gwbas1c 6 days ago
> They are recognizing themselves in their economic policy framework that the lowest level of unemployment potentially caused would be 5% (they also mention 10% and "unprecedented levels of unemployment").

Every tech boom I've seen in my life includes people letting their imagination running away and greatly overestimating how adoption will take place. Often adoption is slower, but much more pervasive as younger generations use it when they become adults.

Translation: I believe AI's disruption will be much slower than a lot of people claim it will be; and the change will be (cough) "slow" enough that most people will be able to retire or change their careers before they are materially impacted.