The Morgan Housel Podcast What AI Might Do To The Future of Work
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Aug 7, 2025 The discussion kicks off with a sharp drop in ChatGPT usage, linking it to exam times and tech engagement among youth. Historical insights reveal how AI challenges job stability while new opportunities sprout in unexpected areas. Generational perspectives on technology shape our understanding of employment, even suggesting that some jobs might be meaningless. The talk also emphasizes the shift toward blue-collar careers among younger generations and reflects on patterns of disruption and emergence in the evolving job market.
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Keynes on Technological Unemployment
- Technological unemployment occurs when labor-saving inventions outpace creation of new jobs.
- This concept is not new and was recognized by Keynes in 1930.
Ford's Farm Mechanization Prediction
- Henry Ford predicted horses would be replaced by mechanized tractors.
- This shows early recognition of technology replacing traditional jobs.
Keynes Nailed Wealth Growth
- Keynes forecasted by 2030 Americans would be eight times wealthier due to technology.
- His wealth projection was accurate but labor predictions were off.
