AI will create jobs

Nvidia CEO Jensen Huang stated that artificial intelligence will create more jobs rather than eliminate them, drawing parallels between AI adoption and immigration's economic effects. Huang argued that increased efficiency through AI leads to greater overall demand, citing the Jevons paradox where technological improvements expand usage rather than reduce it.

AI will create jobs It’s nice to see Jensen talk about this https://x.com/firstadopter/status/2050225746753331562 , and it’s super obvious when you think about it. AI and immigration are fundamentally the same. There’s new people showing up, and hopefully everyone understands how and why immigration creates jobs. Wants are effectively unlimited. It’s classic Jevons paradox https://en.wikipedia.org/wiki/Jevons paradox that if we make something more efficient, we end up using more of it. Or a cool aphorism I learned at Facebook, if you make the site 10% faster, people spend 5% more total time on it. Now, just like you get the wahh wahh crying people about how immigration lowers wages for native born Americans and we gotta keep the hard working immigrants out because you have some right to be lazy because of where you were born or something, you’ll get this about AI. AI will outcompete some humans at some jobs. But protectionism is for losers. The important thing is that the overall pie grows, and inequality stays somewhat in check, not by redistribution but by design. There will be more to do than ever before.