Remove Aggregate Demand Remove GDP Remove Technology
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The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business Review

The basic fact is that technology eliminates jobs, not work. It is the continuous obligation of economic policy to match increases in productive potential with increases in purchasing power and demand. Wage growth has not kept up with productivity growth; labor’s share of GDP has fallen and capital’s share has risen.