{"id":260187,"date":"2026-05-31T07:00:00","date_gmt":"2026-05-31T11:00:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/31\/dr-daniel-sutter-the-ai-economy-still-depends-on-human-nature\/"},"modified":"2026-05-31T07:10:11","modified_gmt":"2026-05-31T11:10:11","slug":"dr-daniel-sutter-the-ai-economy-still-depends-on-human-nature","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/31\/dr-daniel-sutter-the-ai-economy-still-depends-on-human-nature\/","title":{"rendered":"Dr. Daniel Sutter: The AI economy still depends on human nature"},"content":{"rendered":"

Dr. Daniel Sutter: The AI economy still depends on human nature<\/a><\/p>\n

https:\/\/yellowhammernews.com\/daniel-sutter-economics-and-artificial-intelligence\/<\/a><\/p>\n

Publish Date: 2026-05-31 07:00:00<\/a><\/p>\n

Source Domain: yellowhammernews.com<\/a><\/p>\n

Will Artificial Intelligence (AI) liberate or enslave humanity?\u00a0 As an economist with zero technical expertise, I will not venture a guess.\u00a0 But some economic fundamentals offer some perspective on the AI economy.<\/p>\n

AI will significantly transform the labor market. \u00a0The potential jobs apocalypse is not my topic today.\u00a0 Many cognitive jobs will surely be automated, as physical tasks have been for decades.\u00a0 Until AI, only humans trained in the field could answer law or accounting questions.\u00a0 We will need fewer lawyers and accountants, but we will still need some.<\/p>\n

But AI will not abolish scarcity.\u00a0 Indeed, data centers need enormous amounts of electricity, both of which will need materials. \u00a0AI will not make everything free.<\/p>\n

Tech gurus often overlook the subjectivity of economic value.\u00a0 Goods and services are valuable because people exchange valuable things for them.\u00a0 Value arises from our personal and varying preferences.\u00a0 Something can be worth millions to one person and nothing to another.<\/p>\n

No one must justify their expenditure to others in a market economy.\u00a0 And firms seek to deliver the goods and services customers want, whatever they might be.<\/p>\n

Subjective preferences will likely slow or limit the dissemination of AI-enhanced products.\u00a0 To take one example, consider novels, poems, and travel stories.\u00a0 Do you wish to read AI generated novels or travelogs?\u00a0 Perhaps.\u00a0 Yet many readers value the encapsulated human perspective on life as opposed to the string of words.<\/p>\n

An important source of value creation in the AI economy consequently should be guaranteeing human experiences. \u00a0A publisher catering to readers wanting books written by humans must exclude AI-generated content.<\/p>\n

Subjective value will also impact AI-enhanced services.\u00a0 AI will be able to provide legal advice and medical diagnoses comparable to humans.\u00a0 Tech experts may view AI services as equivalent to human services, but value arises from the human users.\u00a0 Some people will want a human…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dr. Daniel Sutter: The AI economy still depends on human nature https:\/\/yellowhammernews.com\/daniel-sutter-economics-and-artificial-intelligence\/ Publish Date: 2026-05-31…<\/p>\n","protected":false},"author":1,"featured_media":260188,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/yellowhammernews.com\/wp-content\/uploads\/2026\/05\/glowing-molecular-structure-futuristic-galaxy-backdrop-generated-by-ai-scaled-e1779912796737.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-260187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/260187"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=260187"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/260187\/revisions"}],"predecessor-version":[{"id":260189,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/260187\/revisions\/260189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/260188"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=260187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=260187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=260187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}