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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

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What Alex Imas actually said

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  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.

    Where this was said

    Watch from 0:03:50 plays here

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

    video · 1h 16m · spoken · machine transcript

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