Jaspreet Bindra: “As the Generative AI tidal wave sweeps across industries and offices, I believe what it will impact the most is this aspect of corporate life. We often do not consider work as an industry in itself, though it is a several trillion dollar one, and confuse work with jobs. We are rightly worried about how AI will impact jobs, but tend to neglect how it will impact work. Investigating this, I stumbled on another post, this time on LinkedIn, which had a wonderful way to deconstruct work into three kinds. The first is where you must act, which is about your role, be it as an accountant, a programmer, marketer or a journalist. The second is where you show, by means of a format, be it a slide, chart, spreadsheet, code or a summary. And the third is when you need to create, or perform a creative task, like an essay, a recipe, code or a sales pitch…we humans will have to step up and learn how to work with AI and develop an “AI aptitude” as the WorkLab report calls it. We have been good at working with revolutionary technologies. We learnt how to use tools like fire, the personal computer and internet to make our work better and create new jobs for humans. We will have to do the same with this powerful technology and use it to lift ourselves away from the mundane and the monotonous. It will not be AI which takes our jobs, but other human beings using AI could, and we need to choose which of the two we are. We need to recalibrate.”
Emily Chamlee-Wright: “The freedom to read is a remarkable technology for social learning. As we transmit wisdom across space and through time, humanity as a whole becomes smarter. The accumulated wisdom has a compounding effect. Solutions once discovered do not need to be discovered again. Yesterday’s discoveries can be tweaked, combined with new insights, and applied to solve new problems. Because we have the freedom to read, we inherit the treasure trove of knowledge all prior generations of literate forebears accumulated. Just as importantly, the freedom to read connects us to humanity, our own and others’. As Martha Nussbaum observes in her book Cultivating Humanity, when we read the stories of people from far-off places, times, and circumstances, we develop our moral imagination. We extend our capacity for compassion beyond what our direct experience might allow.”
WSJ: “What Mr. Kissinger sees when he looks at the world today is “disorder.” Almost all “major countries,” he says, “are asking themselves about their basic orientation. Most of them have no internal orientation, and are in the process of changing or adapting to the new circumstances”—by which he means a world riven by competition between the U.S. and China. Big countries such as India, and also a lot of “subordinate” ones, “do not have a dominant view of what they want to achieve in the world.” They wonder if they should “modify” the actions of the superpowers (a word Mr. Kissinger says he hates), or strive for “a degree of autonomy.””
Jason Furman: “The equation economists use holds that inflation is a function of three things. One is sometimes called “expectations.” You should think of that just as the internal dynamics of inflation: wages lead to prices, prices lead to wages, if you think everyone else is going to raise prices, you’re going to raise your prices, et cetera—a sort of a self-fulfilling thing. The second term is how tight the economy is, how much demand there is, often simplified by how low the unemployment rate is. And the third term is what supply shocks are like.”
Thomas Sowell: ““Entitlement” is not only the opposite of achievement, it undermines incentives to do all the hard work that leads to achievement.” [via CafeHayek]
