THE LABOR INPUT IN THE AGE OF ARTIFICIAL INTELLIGENCE

Giuseppe Ruggeri

No zgjp2, SocArXiv from Center for Open Science

Abstract: In this paper I suggest that autonomous machines are more akin to human workers than to capital and should be treated as a component of the labor input. I show that, when the returns to intellectual property products are included in labor income, the observed secular decline in the labor income share in the United Sates vanishes. I suggest greater focus of economic research on the dynamics of the relationship between human labor and automatic labor.

Date: 2023-04-02
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:zgjp2

DOI: 10.31219/osf.io/zgjp2

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