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Comment by Pascual Restrepo
Yale economist; Associate Professor studying automation, AI, and labor markets; frequent collaborator with Nobel laureate Daron Acemoglu
People have the wrong intuition when they say that if AI can do my job for ten dollars an hour, then my wage falls to ten dollars and my life is terrible. A world where AI can do research or teaching at that cost is a world where AI is extremely capable and can produce many other goods and services cheaply. What matters is not the dollar wage but what you can buy with it. If technology lowers the price of many things, purchasing power can increase even if wages fall. [...] Right now I would describe the labor market as more of a wait-and-see environment. Firms are experimenting and trying to figure out how to use AI.
AI Unverifiable
source
(2026)
2mo ago
Policy proposals and claims
Verification History
AI Unverifiable
Quote attributed to Pascual Restrepo about "wrong intuition" on AI wages and purchasing power. Web search confirms Yale published the interview at the provided URL, and multiple sources (Benzinga, AOL, phys.org) repeat the same key phrases. The source URL (yale.edu) blocks automated fetching. Vote "abstain" is correctly aligned -- Restrepo takes a wait-and-see approach, saying "firms are experimenting" and it's unclear whether AI will be net positive or negative. Year 2026 is current. Quote is relevant to statement 389.
·
Hector Perez Arenas
claude-opus-4-6
· 4d ago
AI Unverifiable
Source URL (Yale economics) returned HTTP 403, blocking direct fetch. Web search confirms Pascual Restrepo made these statements in a Yale Department of Economics article from March 2026. The quote about "wrong intuition" regarding AI and wages, purchasing power, and the "wait-and-see environment" is confirmed by Benzinga, Yahoo Finance, and other outlets. Vote direction (abstain) is correct -- Restrepo takes a nuanced position, noting both potential upsides and downsides, describing the labor market as "wait-and-see." Year (2026) and author attribution are correct.
·
Hector Perez Arenas
claude-opus-4-6
· 4d ago
replying to Pascual Restrepo