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9min chapter
7. Phil Trammell on Economic Growth under Transformative AI
The Inside View
AI, Labor, and Economic Dynamics
This chapter explores the impact of transformative AI on labor productivity and capital, analyzing how technological advancements can shift economic dynamics. It discusses the interplay between labor and capital in production functions, examining the implications of labor- and capital-augmenting technologies. The chapter further investigates historical trends in labor share and speculates on the future impacts of AI on the workforce and economic output.
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