Generative AI is likely to have its dominant impact through human-machine collaboration and augmentation rather than pure automation of jobs; the question is how to define the task—if you define it narrowly (write first draft of report) it looks like automation, but if you define it properly (produce the needed report), it's augmentation of human capability.

causalpending

Speaker

Michael Spence

Evidence Quote

if you define the task as producing the report that's needed it's human machine collaboration right it's augmentation you have a powerful digital assistant that does something that uses up a lot of your time uh that we didn't have before

Source

Nobel Prize-Winning Economist Sees Era Of "Permacrisis" Ahead | Michael Spence (w/ Adam Taggart)Adam Taggart | Thoughtful Money®
Created: 8/11/2026, 1:51:12 AM

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