When Sir Henry Bessemer discovered a new method for producing steel in the 1850s, he reduced a job that previously took 3 months down to half an hour. U.S. steel production grew by 34000% through the end of the century. 34000%. That was able to happen because steel started replacing iron in construction of things like railroad tracks, rail cars, and allowed for much taller buildings. All of these industries required tremendous human labor to make possible. The innovation enhanced human labor and expanded the surface of demand for its uses. But what Ken Griffin is soberly describing is the wholesale replacement of human work by an innovation. Not just a reduction in man hours needed, but an elimination of man hours entirely. Instead of a few PhD's mathing away for weeks or months, it's a coded agent inside of a box doing it in hours or days. This is the core of the fear in people today. And people like Elon Musk and Dario Amodei are stoking those flames with their rhetoric about abundance without labor.(𝐓𝐗𝐌𝐂)