Earlier this week Harvard's Seyed Mahdi Hosseini Maasoum and Guy Lichtinger outlined another helpful framework for thinking about this. Where AI enhances individual workers' productivity it widens wage inequality by multiplying the returns to specialist skills and knowledge; where it reduces barriers to entry by eliminating the need for specialist skills it has the opposite effect. Interestingly, they find evidence that both dynamics are already playing out in measured AI usage, and that at the whole economy level they can to an extent cancel one another out.
This is good from @jburnmurdoch.ft.com on how AI will impact on the labour market - two different effects pulling in different directions. Which will be more powerful?
www.ft.com/content/becb...