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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

SubjectAI and jobs
What this subject means

AI and jobs Whether AI displaces human work, which jobs go first, and what replaces them.

Mental modelValue moves to what stays scarce

What Phil Trammell actually said

  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.

    Where this was said

    Watch from 0:09:37 plays here

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com

    4 Jun 2026 · video · 1h 16m · spoken · machine transcript

    All 33 korrents from this recordingthis one is 7th

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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