Random Thoughts: Jevons paradox is an economic theory stating that as technology makes the use of a resource more efficient, total consumption of that resource increases rather than decreases. This happens because higher efficiency lowers the effective cost, which drives up overall demand. 19th century economist William Jevons (I bet his friends called him Billy) observed that James Watt’s (perhaps aka Jimmy Watt) improved steam engine made coal usage far more efficient, which actually caused British industries to buy and burn more coal overalI. I told you that story to tell you this one.

As AI makes workers more efficient in their everyday work, there will be a net increase in demand for human employees. I’ve said it before and I’ll say it again, I have never in my 300.0 years of working ever sat in a quarterly planning meeting and thought to myself, “man I wish we had more stuff that we could be working on.” And to anyone who disagrees with me, I’m rubber and you’re glue. Whatever you say bounces off me and sticks to you.