The Knowledge Economy Is Over. Welcome to the Allocation Economy

For years, we feared automation would replace humans. But as AI reshapes the economy, it’s becoming clear that far from replacing human ingenuity, AI has amplified it. The critical dividing line in our economy is no longer simply education or specialization, but rather agency itself: the raw determination to make things happen without waiting for p... See more

It means a transition from a knowledge economy to an allocation economy. You won’t be judged on how much you know, but instead on how well you can allocate and manage the resources to get work done.

They promise a technological revolution and say AI will do tons of different jobs and help us make tons of progress — but one role they never talk about automating away is “CEO.” The same goes for “venture capitalist,” because as egg-headed tech oligarch Marc Andreessen said, it involves a lot of “psychological analysis” unlike professions such as ... See more

Well, the joke’s on us. As it turns out, machines can do all of those things better, faster, or at the very least cheaper than humans can. The Pew Research Center, the Brookings Institution, and McKinsey and Company all forecast that the workers most likely to see “exposure” to generative AI are more educated and in higher-paid fields such as compu

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