The Great Decoupling
mckinsey.com
The Great Decoupling
As Brynjolfsson and McAfee point out in The Second Machine Age, over the past thirty years, the United States has seen steady growth in worker productivity but stagnant growth in median income and employment. Brynjolfsson and McAfee call this “the great decoupling.” After decades when productivity, wages, and jobs rose in almost lockstep fashion, t
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
When we look at the economic trends accelerated by COVID, there are some worrisome signs for labor. A recent McKinsey survey showed that since the pandemic, 67% of companies are accelerating the adoption of automation technology (fewer jobs), 70% of companies are hiring more independent contractors (fewer benefits), and two times as many companies ... See more
Nick deWilde • Nine Trends That Will Shape Our Careers in 2021
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Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
atelier.net
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How did we get to the doorstep of the next leap in prosperity?
In three words: deep learning worked.
In 15 words: deep learning worked, got predictably better with scale, and we dedicated increasing resources to it.
That’s really it; humanity discovered an algorithm that could really, truly learn any distribution of data (or really, the underlying “ru... See more
In three words: deep learning worked.
In 15 words: deep learning worked, got predictably better with scale, and we dedicated increasing resources to it.
That’s really it; humanity discovered an algorithm that could really, truly learn any distribution of data (or really, the underlying “ru... See more
samaltman.com • The Intelligence Age
How did we get to the doorstep of the next leap in prosperity?
In three words: deep learning worked.
In 15 words: deep learning worked, got predictably better with scale, and we dedicated increasing resources to it.
That’s really it; humanity discovered an algorithm that could really, truly learn any distribution of data (or really, the underlying “rules” that produce any distribution of data). To a shocking degree of precision, the more compute and data available, the better it gets at helping people solve hard problems. I find that no matter how much time I spend thinking about this, I can never really internalize how consequential it is.
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
amazon.com
These emergent digital economies are facilitating dramatic wealth accumulation for a small few and supplemental earnings for a great many. They are the new ladders and ledges being created to replace the elevators that have been destroyed. They are, however, only accessible to those with the relevant skills and education. Many will be left behind.
L'Atelier • Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
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AI will bifurcate the economy into real and AI worlds .
Rob May • 5 Contrarian AI Theses For Early Stage Investors
Darren LI and added