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It's an interesting idea. If their thesis is true, it might cause compression of the income range.
Working in the field I think there is two things AI will make an impact on:
- Going after low skill white collar work (basically further automation of semi-skilled labor)
- Being an excuse to undercut high-skill white collar labor wages.
However, I suspect we'll get a lot of the issues we saw with "outsourcing" where the end result is businesses pursuing cheaper outputs without concern for quality.
this post was submitted on 21 Feb 2025
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