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From Mutual Dependence to Obsolescence: The Future of Labor in an AI-Driven Economy
Throughout history, capital and labor have been interdependent forces driving economic growth. Capital relies on labor to generate returns on investment, while labor depends on capital for wages. Despite historical fluctuations in their balance of power, classical economics suggests a theoretical long-term equilibrium where both parties benefit—capital sees growing returns, and labor enjoys rising […]
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By Nikola Danaylov interviews Ray Kurzweil, Michio Kaku, Noam Chomsky, Max More, Aubrey de Grey, Jeremy Rifkin & others...Throughout history, capital and labor have been interdependent forces driving economic growth. Capital relies on labor to generate returns on investment, while labor depends on capital for wages. Despite historical fluctuations in their balance of power, classical economics suggests a theoretical long-term equilibrium where both parties benefit—capital sees growing returns, and labor enjoys rising […]