Justin Wolfers Says AI Won't Kill Your Job — but It Will Change What It's Worth: 'Lab-Grown Diamonds Didn't Abolish Diamonds
Economist Justin Wolfers said AI's shock to labor markets may resemble lab-grown diamonds, not eliminating jobs but reducing their worth.
AI probably won't erase jobs, but it might make some jobs less valuable—kind of like how fake diamonds didn't kill real diamonds, just made them worth less. When you look at big tech companies, think about whether they're using AI to do more with fewer people, which could mean smaller paychecks for some workers.
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