AI, redistribution and the distinction between labor’s share and total labor income
A post sharing a Marginal Revolution article highlights the argument that labor’s share can fall dramatically while total labor income stays stable or rises.
TLDR
A post links to Marginal Revolution’s “AI, Redistribution, and the Size of the Pie,” highlighting this claim: a “dramatic decline in labor’s share can coexist with stable or increasing aggregate labor income.”
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