Celebrating humanity's flourishing through the spread of capitalism and the rule of law
07 Sep 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, poverty and inequality, unemployment Tags: creative destruction
How much redistribution will AI require? A common scenario is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers whole requires massive redistribution. In my latest paper, I run the numbers and conclude that this is probably incorrect. The idea is…
How Much Redistribution Will AI Require?
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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