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.
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!