Intelligence Superabundance

AI may act as an increase in the supply of intelligence, which the essay argues will create more demand for intelligence-intensive work rather than simply eliminating it, drawing on induced demand and Jevons Paradox. Casey Handmer estimates latent demand for road space in LA is about 30 times current capacity, and William Stanley Jevons observed in his 1856 book The Coal Question that more efficient steam engines increased coal consumption. Slow Ventures' Sam Lessin argued that cheaper legal work would increase demand for lawyers, and the essay notes that Harvey was recently valued at $150 million by Sequoia.