Previous general-purpose technologies diffused across decades, which gave workforces time to retrain, to relocate, and to move children into different trades than their parents. The steam engine, electrification, and the personal computer each took a working generation or more to reshape the labor market, and the adjustment, however brutal, happened on a human timescale. The current automation of cognitive work is compressing that timeline toward a handful of years. The compression is more striking because the measured payoff has not arrived. Goldman Sachs Chief Economist Jan Hatzius said that AI investment added basically zero to United States economic growth in 2025 […]. Workers are paying the social cost of a bet that has not yet produced the promised aggregate gains.

This is the most significant aspect of the speed, I feel. I don’t agree with everything in the AI Job Grief post, in particular I’m not sure physical and manual labour workers don’t also tie identity and work. But it’s an interesting read.

For this:

The Futurology question, “everyone has lost their job and only 10 trillionaires own everything. Now what?”, has no cultural answer yet

The answer has to be government, and we have to vote accordingly.

Tony Meyer @tonyandrewmeyer