Very interesting post. In particular the income distribution diagrams and mulling over which way this will play out is going to be super important.
As a parallel question the interplay with demographics -- in the sense of labour supply -- could be important. If you have fewer and fewer people that are avaiable to do the low silled part of the distribution (as in Japan, say) then the impact is going to be muted. This is just a variant of Hal Varian's "Bots versus Tots" point, I guess.
Great piece. I host “The Global Business Report” on Arise News and would love to have you on the show. We cover Technology quite a bit. How can I get in touch? Here is one of my interviews https://youtu.be/Q_Pde-WVm8E?si=o40VbtKyUAfN_oOW
Fascinating work! I’m just not sure I’ve fully wrapped my head around it.
Reading this, I can’t help but wonder about all the other variables outside the model. It feels like trying to figure out the perfect cooking temperature for a perfectly spherical chicken :)
Honestly, I'd love to learn more about the thinking behind theories like this—from someone with an applied science and tech-business background.
Very interesting post. In particular the income distribution diagrams and mulling over which way this will play out is going to be super important.
As a parallel question the interplay with demographics -- in the sense of labour supply -- could be important. If you have fewer and fewer people that are avaiable to do the low silled part of the distribution (as in Japan, say) then the impact is going to be muted. This is just a variant of Hal Varian's "Bots versus Tots" point, I guess.
Enjoying it - keep it up!
Great piece. I host “The Global Business Report” on Arise News and would love to have you on the show. We cover Technology quite a bit. How can I get in touch? Here is one of my interviews https://youtu.be/Q_Pde-WVm8E?si=o40VbtKyUAfN_oOW
Fascinating work! I’m just not sure I’ve fully wrapped my head around it.
Reading this, I can’t help but wonder about all the other variables outside the model. It feels like trying to figure out the perfect cooking temperature for a perfectly spherical chicken :)
Honestly, I'd love to learn more about the thinking behind theories like this—from someone with an applied science and tech-business background.