The U.S. economy has developed a significant rent-extraction layer that exploits human limitations, such as time constraints and brand familiarity. Trillions of dollars in enterprise value rely on these constraints continuing to exist.

ATMs did not significantly reduce bank teller jobs, while the introduction of the iPhone had a more profound impact on employment in the banking sector. The replacement of labor involves more complex factors than mere task automation.

I Have No Idea If What They Ship Is Any Good

The mass automation driven by artificial intelligence is expected to have significant impacts on employment, similar to past waves of automation. Historical trends indicate that the disappearance of certain job roles, like secretarial positions, can occur as technology advances.

The talk at The AI & Automation Conference in London on February 25, 2026, addressed the ethical implications and limitations of machine morality in AI. The speaker emphasized the importance of human-defined values in shaping the future of AI technology.

Power users, individuals who deeply understand and engage with technology, are becoming increasingly rare. This decline is marked by a growing trend of users who bypass learning and troubleshooting in favor of simplified interfaces and automated solutions.

AI can produce multiple products or services rapidly, significantly increasing the volume of new offerings in the market. As a result, the value of human creativity and attention is diminishing, leading to a shift in how products are perceived and valued.