Sam Thorpe retweeted
What do the Americans with Disabilities Act, the last minimum wage increase, and significant expansions of the Clean Air Act and civil rights laws have in common?
They were passed by D Congresses despite an R President.
A thread on how Ds should approach the next 2 years. 1/
Sam Thorpe retweeted
This is a wonderful thread on the discussion of how AI is affecting productivity.
Main take away: the documented trends amongst AI exposed firms for hiring/employment/productivity started well *before* LLMs, so likely not causal effect of AI or at least an interaction (I’m personally in the latter camp).
Quick thread on AI and productivity:
Lots of people say this chart shows AI is now showing up in the productivity data.
But I made this chart to argue the opposite: a trend that pre-dates AI and only shows up in the US doesn’t look like AI.
Here’s how I’m thinking about the data and underlying dynamics:
Sam Thorpe retweeted
All of these countries have access to the same LLMs.
This raises the likelihood that what’s behind the US productivity boost is less about AI-augmented task productivity & more about something else like mechanical AI capex effects… or something besides AI entirely.
This quoted post is unavailable.
Sam Thorpe retweeted
Nearly two years ago, I interviewed a woman who runs a successful modeling agency.
She started as a receptionist and worked her way up. Most of their work was shooting models for catalogs. Each shoot required an entire cast: the model, yes, but also the stylist, makeup artist, photographer, lighting.
At the time, I was at Brookings, poring over exposure data from OpenAI. In that data, fashion models didn’t look “exposed” to AI at all. Models couldn’t use ChatGPT to save time on doing their job tasks, like a software engineer or social media manager could.
But the woman who ran the modeling agency had no hesitation. She saw what was coming (per this video) a million miles away. She posited: Why would the Nordstroms of the world pay hundreds of thousands of dollars for a shoot if they can just use AI models? She told me it was bleak. If she wasn’t so close to retirement, she would have been distraught, especially if she was in the thick of raising her kids.
I have never forgotten that conversation. Whenever I would hear someone repeat, tritely, “you won’t lose your job to an AI. You will lose your job to someone else using AI,” I would think of her. All the AI skills in the world weren’t going to save her livelihood and the business she had poured blood, sweat and tears into.
The data we are using to track “exposure” misses an example like this when AI is so disruptive the whole industry shifts. The makeup artist, the photographer, the stylist, the lighting person: AI might not be able to be used to replace those jobs directly. But if AI simply automated modeling, it could take demand for those roles with it.
AI has tremendous promise for helping make economics more rigorous and replicable. This does not do that. It's embarrassing and should not have been posted. But it's even worse because so many of the 'errors' discussed here have already been extensively discussed and adjudicated!
Errors in the research of Emmanuel Saez and Gabriel Zucman marginalrevolution.com/margi…
I'm especially invested in this debate because in 2023 (with Bill Gale and John Sabelhaus) I spent weeks evaluating the assumptions made by PSZ and Auten/Splinter and writing them up for the public. Economists have spent years researching these issues. brookings.edu/articles/measu…
Sam Thorpe retweeted
This is so obviously silly I have a hard time believing anyone would take it seriously. You can't do economics this way, you can't even think this way. It's anti-intellectual. marginalrevolution.com/margi…
Loved working with @Mollykinder on this piece on automation and the meaning of work. We titled earlier drafts “people are not deck chairs:” the conversation around AI job loss too often defaults to moving people around between jobs, ignoring their preferences, skills, and dreams.
Not everyone is a mathematician, and not everyone in past periods of job loss was a miner or an artisan. But if we want to respond adequately to the hollowing out of skilled knowledge work, we must learn from our past failures to consider the personal meaning of work.
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You can read the piece here - would love to hear your thoughts.
substack.com/home/post/p-221…
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Sam Thorpe retweeted
The gap between insane model capabilities and somewhat ho-hum real-world consequences of those capabilities continues to interest me.
The AI prophets seem to have nailed the rate of model improvement but overrated the near-term impact. The unemployment rate is low, financially or infrastructurally devastating cyber attacks seem blessedly rare, etc.
Maybe we’re in a kind of Engel’s Pause but for real-world consequences, or maybe the better theory is some kind of Messy World Hypothesis where it’s really really hard for new technology to leave its mark, bc the world as it exists is a museum of inertias and frictions.
Sam Thorpe retweeted
One investigative story like this is worth a million stories about the electoral horserace
Replying to @mtredden
“You’ve seen me deliver.”
That’s what Collins told Kao, he said, as her staff pressured him to up his donations. Kao wound up giving the Collins super PAC $150,000 in late 2019. Weeks later, according to an email, Collins’ office agreed to support $32m in new Navatek projects.
Back on Twitter briefly to share several updates on research and writing. First: as of a few weeks ago, I've started posting more of my longform writing on Substack, where it will always be free and ungated. A brief preview here: open.substack.com/pub/thesto…
I've also posted two new pieces with my brilliant friend @AngusBylsma. The first is about the collapse of Bretton Woods and the possibility of building such a system today, and a review of Martin Daunton’s history of The Economic Government of the World: substack.com/home/post/p-199…
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And the second is about a topic very close to my heart: the wide variation in estimates of the effects of corporate taxes, and why even the best new research falls just a bit short of a convincing answer. substack.com/home/post/p-199…
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Sam Thorpe retweeted
This week’s review!—back to Daunton, this time on the demolition of Bretton Woods and the potential lessons within. A guest post by the brilliant @samthorpe__.
open.substack.com/pub/uneven…
Today is my last day at @BrookingsEcon! After a wonderful year, I am incredibly excited to spend the next two studying in the UK as a Marshall Scholar. While there, I'll be researching deindustrialization, poverty, and regional inequality in the US and UK. marshallscholarship.org/scho…
I am so grateful to everyone who has made my time at Brookings so special, especially @WilliamGale2, @CeciliaERouse, @econ_harris, @davidmwessel, @MollyKinder, and so many others. It has been the opportunity of a lifetime to work alongside and learn from such remarkable people.
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