NYU SternSession 3: AI and Labor Markets
SESSION 03 · ECONOMICS OF AI

AI and Labor Markets
Augmentation vs. Automation

THE BIG QUESTION

Will AI replace workers—or make them valuable enough that we ultimately need more of them?

1History2Firms3Labor4Macro5Stack6Politics
Before classPrepare, explore and arrive with a point of view

3.1 · SESSION FOCUS

Augmentation vs. Automation

JOBSARE BUNDLES OFTASKS
3.2

BEFORE CLASS

Read. Watch. Arrive curious.

Required reading

Optional deep dive

3.3 PREWORK SUBMISSION

Prepare an example and consider the additional questions in Brightspace.
Submit your responses before class.

Exercise 1

Which future of AI performance seems most likely? Hover over a panel and click it to select one. Your anonymous answer will be saved and added to the class tally.

Four possible futures of AI performance

Exercise 2 — Which new AI job will be most important?

Hover over a panel and click it to select one. Your anonymous answer will be saved and added to the class tally.

Four possible new jobs in an AI future

Exercise 3: How Will AI Impact Creative Industries?

INTERACTIVE EXERCISE

How Will AI Impact Creative Industries?

For example, will it replace singer-songwriters?

01

Rate this AI song

Listen on YouTube
4Okay (Mid)
02

An AI Song Created by Prof. Foudy About the Pain of Using SAP Concur to Get Reimbursed at NYU

Listen on Mureka
4Okay (Mid)

No names or identifying information are requested. Submit once to see the class tally.

Exercise 4

INTERACTIVE EXERCISE

When Lower Cost Means More Use

To understand Jevons Paradox, imagine AI or automation radically reduced the cost of each service—or you won free services for life. How often would you use each one?

01Uber / Taxi ridesMonthly
02Massage / spa treatmentMonthly
03Personal training sessionMonthly
04Therapy / counseling sessionMonthly
05Nail salonMonthly
06HaircutMonthly
07Teeth whiteningMonthly
08Financial advisorMonthly
09Dental cleaningMonthly
10Primary care doctorMonthly

Anonymous · Submit once to see the class tally.

Please complete the Prework Memo and other questions prior to class.Open Session 3 prework in Brightspace
During classSlides + Zoom
3.4

Class Session Links

SESSION 3 SLIDES

Open the Session 3 slides Google Slides

SESSION 3 LIVE CLASS

Join the Session 3 Zoom NYU Zoom

3.5 · Evidence

Charts, cases and current examples · to be added

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3.6 · FUTURE INTERACTIVE

Unbundle an occupation

Interface reserved for a short in-class exploration. No data or conclusions have been pre-filled.

After class follow-upConsolidate, submit and reflect

3.5 · AFTER CLASS

3 Minute Memo — Quick Class Reflections.

Open the Session 3 reflection form