Comment by Pascual Restrepo

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. Unverified source (2026)