I am not sure why https://80000hours.org/ suggests hedge funds or banking as potential career paths, if you wanna have a positive impact on the world (short/long term).
See for example here https://80000hours.org/career-reviews/front-office-finance/ or https://80000hours.org/career-reviews/trading-in-quantitative-hedge-funds/ .
If I understand, the main rationale is:
- we need to fund "good causes"
- such jobs are high earning -> potentially good earnings to give more
- plus, advantages for personal life/career
I agree that these are very alluring and mentally stimulating jobs (I would also would like to have fun while earning lots of money in a short amount of time). Though, I am not sure about their net positive impact.
Even if mathematicians/physicists working in hedge funds/banks do not cause direct market crashes (assumption), there is a big potential for harm: someone very rich is becoming even richer.
There is no reason for which these extremely wealthy individuals/institutions are aligned with EA goals / doing good.
It just increases the probability of wealth inequality, and skewing government level policies, as we already know such people have big power to influence regulators.
In practice, the assumption above falls, and the reality is scarier.
The links above mention about possible societal harms, but then, why keep the pages?
Just my two cents.
There should be more talk about concentration of power, decoupling from the masses, and social fragmentation around here.
Disruptive technologies amplify the economic inequality gap within countries, and between countries.
Which are the consequences of this? I do not see many people discussing it on the forum.
While it is true that the AI itself might doom humanity, I consider human dynamics to be a greater threat (just for the fact that investing in AI can increase the likelihood of these fewer people to own the world, and this might increase the likelihood of humanity AI doom).
This is a better defined problem to the usual AI safety talk. I think it should be something that needs to be addressed asap with public discourse. We need to focus on the right things in my opinion.
It might also have some implicit benefits on usual AI safety (and to be sincere, I do not see current AI research level at the level of research in math or fundamental physics, where first principles approaches and taking your own time to deeply think about problems are preferred, but this is another topic for another day).