Those aren’t necessarily contradictory: you could have big jumps in unemployment even with increases in average productivity. You already see this happening in software development, where increasing productivity for senior employees has also coincided with fewer junior hires. While I expect that the effect of this today is pretty small and has more to do with the end of ZIRP and previous tech overhiring, you’ll probably see it play out in a big way as better AI tools take up spots for newgrads in the runup to AGI.
Because AI before AGI will have similar effects as previous productivity enhancing technologies.
Those aren’t necessarily contradictory: you could have big jumps in unemployment even with increases in average productivity. You already see this happening in software development, where increasing productivity for senior employees has also coincided with fewer junior hires. While I expect that the effect of this today is pretty small and has more to do with the end of ZIRP and previous tech overhiring, you’ll probably see it play out in a big way as better AI tools take up spots for newgrads in the runup to AGI.