Even if humans retain a comparative advantage at some tasks, transaction costs and reliability requirements mean most humans will become unemployable, since it's already easy to be unreliable enough not to be worth hiring.

30:59to be able to be like treated as a source of growth. And that would be awesome. And then like to the moon like let's let's do it. And I guess so one yeah. So I guess one crusty claim that I stand by is that we will actually be able to eliminate like 99.99999 like really just uh anything like Yeah. Let's just say 100% just for like to

31:19make things simple and then that is going to be disastrous. And the um comparative advantage people will say well no no automating a job as a matter of degree as long as there's still something if you're like comparatively less worse at than the machine even if you're worse at everything you'll still have a job. And then I have to just say like think about the transaction costs.

31:38Think about how easy it is for someone to be unemployable today. even if they have like an occasional drug habit or like they just have like a stroke every or like they you know they they have a fainting condition or something. Um it's so easy to be unreliable enough that it's not worth employing you. >> So certainly for anything important you can easily imagine that having like a

31:55human surgeon or a human politician or something is going to seem like this irresponsible thing like it's like take your kid to work day and it's like a surgeon. It's like no no no like why would I involve a human in this when we have the >> like driver >> yeah we have the machine that everyone has been working with for thousands of years and we know it's like reliable and

32:12it and if there's a problem we fix it once and it's solved for all the time we don't have to like retrain every airline pilot or or whatever. >> So for anything important where the human could make a mistake and it could cause some problem I think it's intuitive that like okay yes I can see how we just want the machine for that and now you have to retreat to like

32:28weird relational stuff. I do think there's a case to be made that there will just be a lot of humans that just really want the actual real human thing. And I I think more people than you expect will end up liking the machine replacement better than the human. But I can see that there people are just like I just really want the human thing. And then then we have to talk about okay

32:48there's going to be this sort of self-contained cycle of consumption between humans uh that's not necessarily going to be providing any value to this larger machine economy. And so then there's this question of like can they index the growth of that economy to live good lives forever. I think it's plausible that they could. I think it would be really hard. I think a lot of things are going to be working against

33:10them by default. So I guess all I'm trying to say is that I think it's plausible that everything is set up just right. Then the humans could live live in their like endless cycle of consumption and work for each other. And I just think that's very unstable situation. >> So if humans end up uncompetitive, what does a livable future even look like? David walked us through the equilibria