Theoretical model of AI-driven labor reallocation predicts faster wage growth for AI builders than GDP, declines for substituted labor, and GDP-matched growth for others, with monopoly AI production restricting deployment and altering optimal redistribution policies.
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The Economic Benefits and Costs of AI and Policies to Mitigate AI's Impact on Inequality
Theoretical model of AI-driven labor reallocation predicts faster wage growth for AI builders than GDP, declines for substituted labor, and GDP-matched growth for others, with monopoly AI production restricting deployment and altering optimal redistribution policies.