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I'd like to summarize my thoughts in three charts and I call this this time it's not different chart number one is a
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look at the components of US GDP this is from the Bureau of economic analysis the
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components of GDP are surprisingly resilient and roughly the same over long stretches of time so if that is true
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what happens when you have any kind of a revolution so let's look at the Industrial Revolution the shift from
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farms to factories and what you saw was in specific job classes things just fall
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to zero so this is what people are worried about but if you remember the last chart somehow we found a way to
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find growth and this is what's demonstrated on this final chart which is when you look at us productivity and
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worker compensation you find that every time we find a new way of innovating compensation tends to track it as
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productivity goes up which is what AI should give us compensation also goes up which means new job classes will be
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created it feels more personal right now because we're all living it but I suspect that this time is not different