Labor Market

“Labor is a multi-trillion dollar market, right? So I think why people say agents is bigger than SaaS is because the total addressable market for agents is just way bigger. You know, it's human capital.”

“The, that is where I think this, you know, this kind of intelligence kind of revolution in the real world is really, I think is going to fill those gaps in rather than like an entire industry suddenly gone and it's just automated.”

“When we're able to Automate that matching problem at the cost of software. It makes way for this global unified labor market that every candidate applies to and every company hires from facilitating a perfect flow of information in the economy. And I think tha…”

“So I think in the immediate term, there will be a massive expansion of the pie and the amount of labor that people can do.”

“This is going to cause dislocation the same way, like, In the nineties, globalization and more low cost manufacturing, we're feeling the effects. 30 plus years later. So like, it's not like this stuff is not going to cause some kind of dislocation.”

“I think so, because customers ultimately come with, like, a problem to be solved, right? And ideally, it's some coordination of how those two fit together.”

“The dystopian part of it is unfortunately, in the short term, there's going to be a lot of labor displacement. Not as many people are needed to get a work done anymore.”

“I think the key thing is that the market will move towards specialty and sophistication. Meaning the types of work that we see 50 years from now will be more specialized and oftentimes will require people with kind of like a higher level of sophistication in t…”

“It's very, very new, but a lot of the hyper growth that we're seeing in this category of company is because they are really moving into the labor market and less the software market, and that nurse example is kind of a prime example of that.”

“And I think the skill floor more and more, I think, 20, 25 will be the first year where the AI sets the skill floor of a role.”

“All the growth in the economy from 2005 to 2015 in the labor market came from alternative work arrangements.”

“I think this is gonna be the most, ah, disruptive moment in labor markets in the history of modern capitalism. Over the course of the next five years.”

“I think a lot of jobs will be gone in 10 years, but they'll likely be replaced with new ones. I think that's probably an obvious Conclusion. I think on the order of probably 50% of work will go away. It would be fundamentally changed.”

“In fact, I think it's going the other way because when you overheat input costs or you overheat wage acceleration too fast, it promotes technology and fewer jobs longer term. And companies always look at the return on invested capital versus their weighted ave…”