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Automating everything except the ballerina need not raise labour's share, because the marginal value of the automated stuff falls faster than its quantity rises.

Drawn from what Phil Trammell said

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What Phil Trammell actually said

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  1. Phil Trammell

    Economist working on the economics of transformative AI

    then the quantity of everything that's not a ballerina, say, goes to infinity, but our the marginal utility in that stuff goes to zero faster than the quantity is rising.

Added to korrents 4 Jun 2026 · How quotes work · Something wrong? Tell us

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