If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.'
The key questions will be: Are you good at working with intelligent machines or not? Are your skills a complement to the skills of the computer, or is the computer doing better without you? Worst of all, are you competing against the computer?
Interpretation
What this quote means
This quote emphasizes the importance of adapting one's skills to work alongside intelligent machines rather than competing with them.
Tyler Cowen's quote addresses the evolving relationship between humans and technology, particularly intelligent machines. It highlights the necessity for individuals to assess their abilities in relation to these powerful tools: whether they can enhance their own skills to complement machine capabilities or if they are being rendered obsolete. The quote serves as a cautionary reminder to adapt and thrive in an increasingly automated world, rather than being left behind in competition with technology.
Themes
In practice
Example use cases
In a technology conference discussing the future of work.
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