Artificial intelligence
fromSubstack
1 week agoMore Efficiency, More Demand
AI efficiency in radiology has expanded diagnostic use and demand, increasing the radiologist workforce rather than reducing it, demonstrating Jevons Paradox.
To explain why, Levie pointed to economist William Stanley Jevons. In 1865, Jevons observed that more efficient steam engines didn't curb coal use in England but drove it higher, as cheaper energy fueled new industries - a dynamic now known as the Jevons paradox. Levie said the same pattern has repeated itself in computing, with each major wave of cheaper technology - from mainframes to minicomputers to PCs - dramatically expanding adoption.