What I read this week..(26/52)
..we’ve been automating work for 200 years. Every time we go through a wave of automation, whole classes of jobs go away, but new classes of jobs get created. There is frictional pain and dislocation in that process, and sometimes the new jobs go to different people in different places, but over time the total number of jobs doesn’t go down, and we have all become more prosperous.
Why transformative artificial intelligence is really, really hard to achieve - The Gradient Pub
The mechanization of agriculture, steam engines, electricity, modern medicine, computers, and the internet—these technologies radically changed the world. Still, the trend growth rate of GDP per capita in the world's frontier economy has never exceeded three percent per year (emphasis mine)