AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#29 – Phil Trammell on Economic Growth under Transformative AI
Hear This Idea
The Tension Between a Fall and the Labor Share and a Rise in Inequality
If you do get transformative growth of any kind, the labor share falls to zero or something very low. The tension is that whether the labor share stays constant is all about whether labor remains a bottleneck. If labor is still a bottleneck, then labor will still be getting most of the pie. Once labor starts being a bottleneck, absolute wages could go up or down but the labor share will fall.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode