AI and redistribution: Labor’s share versus total labor income
A post sharing a Marginal Revolution article highlights an argument: a smaller share for labor need not mean less labor income overall.
TLDR
A post links to Marginal Revolution’s “AI, Redistribution, and the Size of the Pie” and quotes its argument that a “dramatic decline in labor’s share can coexist with stable or increasing aggregate labor income.” The distinction is between labor’s share and the total amount it receives.
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1 Source, first seen 16d ago