I think either this is misrepresenting the students or the students need to be confronted with the utter illogic of these two points.
I believe I have this correct (well, of course I do) and, sure, it’s fair to say that this is not the most sophisticated view. I don’t teach economics, nor is job loss really part of what I was trying to talk about, so I was not trying to confront anyone here or force towards some kind of internal synthesis.
If you want to bolster the view, there’s pretty widespread reporting at the moment about CEOs conducting layoffs and blaming AI when the real story is pandemic-era overhiring and it’s easier to say “we don’t need these people because AI” than “we screwed up and hired people we didn’t really need in the first place.”
As a short term, local phenomenon “people get laid off because CEO thinks AI can do the job, but it can’t” is clearly plausible. Differentiating between short term, local effects and what constitutes a plausible longer run equilibrium impact is really hard.
I do think online rationalists and academic, rational choice or adjacent social scientists exist at the level of intellectual distance form one another that is delightful. Enough shared vocabulary to talk productively along with enough distance in perspective to be surprised by what comes from the other side and bridging figures like Tyler Cowen exist. It’s a shame there isn’t more back and forth.
Academic social science is making an aggressive move into studying AI. It’s a hotter topic than terrorism was in October 2001 at the moment. I am curious what comes of that.