It will also, again, be bad news for jobs. Why? Look at how many jobs come from waste in the system caused by information asymmetry. Think of a case where you go to multiple doctors—family doctor, radiologist, gastroenterologist, other specialists—who each have their own staff and each only have a part of your information. As you are treated, repetitive trips, further specialization, and often misdiagnoses are all part of the overall health budget. When artificial intelligence reduces that waste and increases the benefits to society, as a by-product of removing the waste in the system, it
...more
