AI changes the price of thinking, not the point of it


Most AI takes come in two flavours: salvation or extinction. Both miss what's actually happening, which is something more boring and more important — a collapse in the price of competent output. Analysis, code, research summaries, first drafts: all of it is becoming cheap, fast, and roughly fine.

For anyone working where finance meets technology, that doesn't eliminate the work. It re-sorts it. When competent output costs nothing, the premium moves to everything around it: knowing what's worth analysing in the first place, recognising when the polished answer is subtly wrong, and persuading actual humans to act on what's right.

Those were always the hard parts. AI just stripped away the billable hours that used to hide them — the busywork that let you feel productive without being useful. What's left is the part that was never really about typing.

What it changes for me is concrete: the routine hours are spoken for now, so the remaining ones go to judgment, relationships, and taste. Three things that never had a unit price, and still don't.

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