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AI could create a 'Mad Max' scenario where everyone's skills are basically worthless, a top economist says (www.businessinsider.com)

submitted 1 month ago by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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As AI reshapes the labor market, the real threat may not be unemployment — it could be something subtler and more corrosive: the collapse in what skills are worth.

That's according to MIT economist David Autor, who made the comments in an interview released Wednesday on the "Possible" podcast, hosted by LinkedIn cofounder Reed Hoffman.

Autor warned that rapid automation could usher in what he calls a "Mad Max" scenario — a world where jobs still exist, but the skills that once generated wages become cheap and commoditized.

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[–] Honse@lemmy.dbzer0.com 1 points 1 month ago

Can tell he's an economist. AI sucks at every job lol