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David Ricardo's prediction that the machines would take those jobs was exactly right, and he would still be astonished by today's employment rate.

Drawn from what Alex Imas said

What these subjects mean

AI and jobs Whether AI displaces human work, which jobs go first, and what replaces them.

economists The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

What Alex Imas actually said

  1. Alex Imas Behavioural economist at Chicago Booth
    And if you look at Ricardo's predictions, they're actually right. If you look at all those jobs that made money in Ricardo's time, they got automated. So, if I was David Ricardo and I woke up and somebody told me all those jobs did get automated. And you ask me David Ricardo, like what do you think the prime age employment rate is in 2026? I think he would be surprised if you told him it was the highest it's ever been other than 2000.

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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