Dwarkesh Podcast

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Alex Imas and Phil Trammell – What remains scarce after AGI?

Explore episode Jun 4, 2026
History
David Ricardo Was Right About the Jobs and Wrong About Everything Else

Alex Imas and Phil Trammell – What remains scarce after AGI? · Jun 4, 2026 History

Ricardo correctly predicted that industrial-era jobs would be automated. He completely failed to predict that new jobs would replace them, and that prime-age employment in 2026 would be near an all-time high. The lump-of-labor fallacy has fooled experts for two centuries — and may be fooling them again.

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Data point $10B

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