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Brad DeLong Mastodon

No typing-pool annihilation this time, at least not so far, and probably never. AI isn’t killing occupations, but watch out for the elasticity of demand!: **Retraining Workers for “AI”: CHART OF THE DAY** Firms are using AI as an excuse for layoffs, but when the New York Fed asked them if that was what they were really doing, they said: no, we are retraining workers instead... https://braddelong.substack.com/p/retraining-workers-for-ai-chart-of > 2026-09-03

retrainingpoollayoffs

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    And I think what we're seeing right now with some of the layoffs is a testament to that, not AI. It's just that during the pandemic, a bunch of overhiring went on, and now AI is a convenient excuse to slim down. But I do also think AI is going to expose some roles as just not being productive ways for humans to spend their time, and therefore we must come up with new ways of spending their time.

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