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I've been thinking about artificial intelligence and the job market a lot recently, so I wrote a piece on what I see as the most immediate economic threat posed by generative AI (and it's not automation).
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Jack Meyer 🏛️
13.2K posts
Jack Meyer 🏛️
@Jackbmeyer
Economist. Researching Institutions, Intellectual Property, Innovation, and Inequality. MPhil Student, on leave from @OxfordEconDept, MSc @LseEcHist (RT!=E)
Vermont/Oxford Присоединился Mart 2015
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At the start of the year I worked with a legislator on indexing senior meal delivery funding to match regional inflation and get a better sense of expected annual cost increases. Needless to say, relatively low gas prices were the only thing keeping the program budget in check...
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Jack Meyer 🏛️ ретвитнул
To sum up: this is now officially a macro shock that will be felt across multiple commodities and sectors. It will raise the average oil price band for the year $15-20 higher than where it was in February. Same (or worse) for natural gas prices. It will show up in CPI. It will move CB policy (it may have already).
But it's also a strategic earthquake. Old assumptions will be tossed out the window. Uncertainty will reign. Hedging will be the order of the day.
Old world dead. New worlds struggle to be born. Watch out for monsters (and missiles).
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“This easy,” you say. Really? Easy for who, exactly? What are we looking at here, an outfit? So called “prep propaganda”? And who is being propagandized to? The American people? You have to ask yourself, what’s really going on here?
Prep Propaganda 👔@prep_propaganda
It’s literally this easy
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For those wondering why public economic sentiment continues to deteriorate despite rising material living conditions:
Brooks Otterlake@i_zzzzzz
I love goods. But sometimes services just hit
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Any push for nuclear at the expense of renewables investment is a bit strange given the largest barrier in most regions, at least in the US, is still unit economics
night brain@_night_brain__
I get that gas and nuclear are epic and based, but Growth and Progress-oriented individuals might discuss accelerating renewables deployment, if that's not too passé
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@tonyannett In spite of increasingly fragmented international trade oil deliberately remains one of the most liquid commodity markets. Domestic production capacity really isn't much of a buffer against a global price shock
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This is completely ass backwards.
First of all, oil is traded in global markets and has a global price.
Second, gas markets are more segmented - cheap in US, expensive in Europe. Because of reliance on Russia!
It’s renewables that will save Europe from the tyranny of Putin.
Michael A. Arouet@MichaelAArouet
The US is energy independent. It can do whatever it wants Europe sacrificed its economy, relevance, and foremost geopolitical security at the altar of the green religion. It will get really nasty now. Don't blame Trump, you did it to yourself. Blame your left-green politicians.
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Jack Meyer 🏛️ ретвитнул
Jack Meyer 🏛️ ретвитнул
Economists making their articles less readable as a way to signal they are not AI-generated is perfectly on brand. Incentives matter.
Soumaya Keynes@SoumayaKeynes
…but on a couple of readability indices, they became harder to read! Suggesting that word complexity has risen. This is, uh, not what I would expect from AI. But I can’t think of what else might have generated the shift below…
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"In this paper we estimate the causal effect of national language on life satisfaction, identifying the 2025 Canadian federal election as a plausibly exogenous shock to the primary language spoken by the head of government"
Stefan Schubert@StefanFSchubert
The English-speaking world is falling in rankings of life satisfaction (The Economist)
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I know it's surprising but I'm going to make the controversial claim that funding outlook is not great right now
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Disheartening to think that on several running projects I've probably spent more time applying for funding than actually working on the research
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@besttrousers @pmarca I was thinking there must be some unique intersection of common-pool resource management and open source autonomous bots I was not aware of
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@Jackbmeyer @pmarca It's my quasi-regular attempt to get some sort of Ostrom-twitter identifier (based on her work in maine).
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I cannot in good faith comment on the Andreessen introspection discourse, it would be short-sighted of me to alienate such an endeared follower before they have internalised the values of left-liberal institutionalism
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@besttrousers @pmarca I don't know what the lobster means, so I'm going to say probably not
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@Jackbmeyer @pmarca Are you, or have you ever been, a member of 🦞🦞🦞Twitter?
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Jack Meyer 🏛️ ретвитнул
🚨 Visiting Faculty position @SFU
Fields: Economic History, Political Economy, Development
- Summer or 1-2 semesters in 2027-28
- Up to $55k stipend + $7.5k research support
- Visa + moving support
⏰ Apply by May 4 🔗👇
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Jack Meyer 🏛️ ретвитнул
A shame that this will destroy the robust US shipbuilding industry
*Walter Bloomberg@DeItaone
*TRUMP WAIVES JONES ACT IN BID TO CURB HIGH FUEL PRICES
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Jack Meyer 🏛️ ретвитнул
Boom . There it is
*TRUMP WAIVES JONES ACT IN BID TO CURB HIGH FUEL PRICES
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