points by thomasahle 3 days ago | 0 comments
Wages do historically appear to grow slightly above inflation: https://fred.stlouisfed.org/series/LES1252881600Q
so some of the productivity gain is captured by the workers.
How much, presumably, depends on their bargaining power, such as unions or low unemployment.
The question is not so much how AI affects productivity, but how it affects the economic value of human labor.
[–] oblio 3 days ago
[–] thomasahle 2 days ago
Right, real wages may go up, but if capital captures more of the growth than labor, inequality still goes up.
But I took OP to just worry about absolute growth in real wages.
The real question is: what's the rate of growth for capital returns vs labor returns? If capital returns are accelerating, over 50-100 years, yeah, we will still end up in techno feudalism.