Except the services that are intractably human: educators, judges, lawyers, social workers, personal trainers, childcare workers.
Those will suffer the Baumol effect and their prices will rise to extraordinary levels.
Those will suffer the Baumol effect and their prices will rise to extraordinary levels.
No; the services that seem most intractably human, at least given the current state of things, are very much those in personal care roles—nurses, elder care workers, similar sorts of on-the-ground, in-person medical/emotional care—and trades, like plumbing, construction, electrical work, handcrafts, etc.
Until we start seeing high-quality general-purpose robots (whether they're humanoid or not), those seem likely to be the jobs safest from direct attempts to replace them with LLMs. That doesn't mean they'll be safe from the overall economic fallout, of course, nor that the attempts to replace knowledge work of all types will actually succeed in a meaningful way.
Social work, childcare, for now I agree:
My expectation is that general purpose humanoid robots, being smaller than cars and needing to do a strict superset of what is needed to drive a car, happen at least a decade after self driving cars lose all of the steering wheels, and the geofences, and any remote safety drivers. And that's even with expected algorithmic improvements, if we don't get algorithmic improvements then hardware improvements alone will force this to be at least 18 years' between that level of FSD and androids.
The only question is, are we prepared to deal with the social ramifications of the consequences? Are we ok with new crises? Imagine the current problems dialed up 10x. Are we prepared to say, "the market is in a new equilibrium, and that's ok"?
Even in places where these services are expensive, it does not seem to be because the workers are highly paid.