Alex Tabarrok writes that it doesn’t matter if the workers’ share of GDP shrinks because of AI. As long as the pie is...

Alex Tabarrok writes that it doesn’t matter if the workers’ share of GDP shrinks because of AI. As long as the pie is bigger — and our AI oligarchs say it can be as much as 10% bigger each year! — the average worker will have a bigger share in absolute terms if not in relative. Hogwash. The one who has the bigger slice has the power to lord over the ones with smaller slices so the relative size does in fact matter. Never mind that our sense of wellbeing is itself ties to how we perceive ourselves in the overall community. What Tabarrok proposes is voluntary serfdom. I think not.