Hear This Idea cover image

#29 – Phil Trammell on Economic Growth under Transformative AI

Hear This Idea

00:00

AI of Capital Beginning to Substitute Labor

For growth to proceed as production currently has to unfold, you need two ingredients. Lack of labor is in the bottleneck. If capital can start substituting for labor, then you don't need labor augmenting technology anymore. You can just put capital in both slots. Just making capital fully able to substitute for labor would definitely have a transformative effect on the growth rate.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app