What is the labour market like? What are the largest barriers in the labour market? Nathan Young and I spoke to economist Bryan Caplan about his new book Labor Econ Versus The World. We also talk about

Censorship and dictatorships
Bets he is willing to take
Malengo and international migration
DALLE-2 and writing graphic novels
The literature on education
Why he is not an experimental economist
The effect of AI on jobs

Bets Bryan is willing to take

No important disruption to the politics of countries where Ukrainian refugees immigrate
Poland will gain over 3x of the GDP Ukraine loses with regards to immigration
Less than 20% chance of humanity ending by 2100
Less than 60% chance that he will consider misaligned AI to be a problem in 20 years
If >5% of people immigrate to a developed nation there will be no civil wars
Upper bounds on religious fundamentalism in the EU
What are the odds that mainstream psychiatry accepts his view of mental illness?

Papers referenced in the podcast

Mankiw, Romer and Weil
Where has all the Education gone?
Eric Hanusheck on test scores and GDP

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