13min chapter

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#79 – Tamay Besiroglu on Explosive Growth from AI

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CHAPTER

AI and Economic Inequality

This chapter examines the effects of artificial intelligence on income distribution, highlighting how increased AI usage may exacerbate wealth inequality rather than boost average incomes. It distinguishes between growth effects and level effects, suggesting that while AI can lead to temporary economic booms, it may not enhance long-term growth trajectories for all. The chapter argues for the transformative potential of AI in research and development, proposing that rapid advancements could significantly alter historical patterns of economic growth.

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