Shift_from_Capital_to_Labor
The economics of superintelligence
economist.com
starting in the 1980s, productivity continued its steady climb while real wages for most workers remained flat or even declined. The economy grew, but the rewards were increasingly captured at the top. It wasn’t enough to grow the pie. How the pie was sliced and distributed mattered just as much.
Sangeet Paul Choudary • Reshuffle: Who wins when AI restacks the knowledge economy
The late 1970’s marked a break in the post-war compact between labor and capital , the tacit arrangement following World War II where businesses compromised with labor unions in exchange for stability and economic growth. In 1980, we saw the overwhelmingly popular elections of Ronald Reagan in the US and Margaret Thatcher in the UK. At home, Paul... See more