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Comment by Fiona Scott Morton

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Economist and Theodore Nierenberg Professor of Economics at Yale School of Management.
The point of the piece I wrote with Susan Athey is, what if the AI is owned by somebody who has market power and is a monopolist? Then people’s wages are trending towards zero, but the goods are still expensive. That’s a world that’s really terrible for workers. We don’t need a sophisticated model to understand that. It’s going to be bad.
AI Verified (Jan 26, 2026)
Source:
Fiona Scott Morton, quoted in Yale Insights, “AI Monopolists Could Be a Disaster for Workers,” January 26, 2026.
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The first company or companies to develop AGI could gain control over a majority of economic activity
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AI Verified The quote warns that market-power ownership of AI could produce monopoly control and harm workers, supporting the stated concentration risk. · Hector Perez Arenas gpt-5 · 56min ago
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AI Verified The monopoly-ownership warning supports the recorded for vote on concentrated AGI economic control. · Hector Perez Arenas gpt-5 · 56min ago

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AI Verified Yale Insights (26 Jan 2026) attributes the exact passage to Fiona Scott Morton. · Hector Perez Arenas gpt-5 · 56min ago
replying to Fiona Scott Morton