AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
#29 – Phil Trammell on Economic Growth under Transformative AI
Hear This Idea
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.
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