Everyone knows that new technologies can be really disruptive to the labor market, but eventually new jobs emerge and things come back into balance. And there is a sense in which many view AI with the same lens. Yes, there will be pain in some sectors, but then there will be productivity gains and new sources of demand and new opportunities for labor that we can't conceive of yet. But could it be different this time? Could AI be disruptive in a manner that, say, the steam engine was not? On this episode we speak with Alex Imas, a professor at the University of Chicago focusing on economics and applied AI. We talk about his work on the AI and labor question, how to think about which jobs may be most at risk, and why the sheer speed of AI development could make it categorically different than prior general purpose technologies that came before it.

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Everyone knows that new technologies can be really disruptive to the labor market, but eventually new jobs emerge and things come back into balance. And there is a sense in which many view AI with the same lens. Yes, there will be pain in some sectors, but then there will be productivity gains and new sources of demand and new opportunities for labor that we can't conceive of yet. But could it be different this time? Could AI be disruptive in a manner that, say, the steam engine was not? On this episode we speak with Alex Imas, a professor at the University of Chicago focusing on economics and applied AI. We talk about his work on the AI and labor question, how to think about which jobs may be most at risk, and why the sheer speed of AI development could make it categorically different than prior general purpose technologies that came before it.
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Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Alex Imas on Why Economists Might Be Getting AI Wrong

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ff3db06-a25b-4d7b-9de9-b42f01476d14/transcript