Episode 328: Artificial Intelligence
May 24, 2023
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30:48Now PlayingEpisode 328: Artificial Intelligence
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as posted by the channelPeople are saying that artificial intelligence will destroy jobs and enslave humans. We’ve heard this many times before. Before artificial intelligence, people said it about computers. Before computers, they said it about machines. Not only were people wrong before, they were spectacularly wrong. They’re likely wrong again. Foolishness of the week: 09:15 Main episode: 10:16
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Labor productivity (output per hour per worker) Up 2% per year since 1950 Employees 193930 million Today156 million Employment population ratio (employees per people 25 to 54 years old) 1950s65% Today81% Real disposable personal income Almost quadruple today what it was in the 1950s Words & Numbers Backstage
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