5 ms·
>For other workers: wages may increase on paper, but not really for actual purchasing power. This is not necessarily a conclusion you can draw from that statem
by cman1444 7d ago
>For other workers: wages may increase on paper, but not really for actual purchasing power.
This is not necessarily a conclusion you can draw from that statement. It's possible that as the economic pie grows, workers' purchasing power increases compared to the counterfactual (a non-AI world), but their purchasing power does not increase as much as the capital owners' does.
- ozgung 7d agoCorrect. But… According to data in the site and paper [0] labor income is estimated $20T for all four scenarios (including no AI) in 2030. Which means capital takes ALL of the new pie coming from AI. Also, I am not an economist but I assume if you are not growing as much as GDP, it basically means you’re shrinking. Relatively shrinking, but since everything is relative in an economy you are actually shrinking. Table 4 in paper gives the numbers. [0] https://www-cdn.anthropic.com/files/4zrzovbb/website/cf58f84d46a4a76bf5a5b039ac695fba6b80041c.pdf https://www-cdn.anthropic.com/files/4zrzovbb/website/cf58f84...
- evenhash 7d agoI think that would only follow if the rest of the world’s purchasing power also grows at the same rate (unlikely), or if you were to cease all international trade (uhh…).