Capital de TokensThe economy grows, but wages may fall
Watch on YouTube It seems like a contradiction: the economy produces far more, but many people lose their jobs. This is a central tension in the model. Growth measures how much the economy produces; on its own, it does not say who receives the income. Average wages rise in all three scenarios, but that average hides differences. In the scen
It seems like a contradiction: the economy produces far more, but many people lose their jobs. This is a central tension in the model. Growth measures how much the economy produces; on its own, it does not say who receives the income. Average wages rise in all three scenarios, but that average hides differences. In the intermediate scenario, pay for those working in management, specialized professions, sales, and office jobs would remain virtually on the path it would have followed without AI. For other workers, it would be 5.9 percent higher. And at the extreme? Pay for knowledge work would be more than eleven percent below the path without AI. For other workers, it would be approximately one-third higher. These are comparisons with a hypothetical future without AI, not predictions of how much a particular person will earn.
Full episode: https://youtu.be/NKJzPX-hkk4
🤖 AI-generated content: the script, voices, and images in this episode were produced using artificial intelligence tools.
#Shorts