AI’s natural affinity for monopolies will bring winner-take-all economics to dozens more industries, and the technology’s skill biases will generate a bifurcated job market that squeezes out the middle class. The “great decoupling” of productivity and wages has already created a tear between the 1 percent and the 99 percent. Left to its…
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Kai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
he coalition between left and right evaporates, the idea’s economic inevitability looks fanciful, and the promise that the plan could end poverty forever looks more dependent on technical details than you might think.In part that’s due to disagreement about what basic income is for. I think it’s a useful tool for eliminating or dramatically reducin... See more
Vox • A basic income really could end poverty forever
This shift has ushered in what Every’s Dan Shipper calls an allocation economy, where the value of work increasingly hinges not on traditional labor but on how we allocate scarce resources—time, attention, and focus. In this new paradigm, the question becomes less about what AI can do and more about how we choose to use it, what we allow it to repl... See more