I haven't had time to read carefully, but I feel like there are obvious objections outside those you address.
Namely, not all frictions are obviously "bad". Some transaction costs are useful because overcoming them constitutes a useful signal about the real preferences or abilities of the parties involved.
In the case of labor markets, currently AI makes it trivial to spam custom resumes, making the matching problem worse. On the other hand, people are working on AI interviewers that may make the problem better (I actually did one the other day and came away very impressed). So it's an arms race and it's not obvious the net result will positive.
(Apologies if you do address this and I missed it; my daughter is home from school today and I'm getting my essay fix in the brief interludes of her independent occupation.)
Great essay from Seb Krier and a necessary counterweight to AI disempowerment of humans(who make up humanity).
Thank you!
I haven't had time to read carefully, but I feel like there are obvious objections outside those you address.
Namely, not all frictions are obviously "bad". Some transaction costs are useful because overcoming them constitutes a useful signal about the real preferences or abilities of the parties involved.
In the case of labor markets, currently AI makes it trivial to spam custom resumes, making the matching problem worse. On the other hand, people are working on AI interviewers that may make the problem better (I actually did one the other day and came away very impressed). So it's an arms race and it's not obvious the net result will positive.
(Apologies if you do address this and I missed it; my daughter is home from school today and I'm getting my essay fix in the brief interludes of her independent occupation.)