HINT: Only one force powerful enough to balance CapEx Automation with Human Labor… Governments.

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In his Nobel Prize Lecture, Daron Acemoglu argues that the use of AI in automating jobs can be done in a pro-worker way which actually benefits both capital and labor, or by excessive automation, which reduces benefits to both pic.twitter.com/v7UKmnYJiX

— Tsarathustra (@tsarnick) December 8, 2024

Daron Acemoglu: Institutions, Technology and Prosperity, Simon Johnson: Disease Environments, the Mortality of Europeans, and the Creation of Institutions in the Colonial Era James A. Robinson: Comparing Societies The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 was awarded jointly to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity”. Location: Aula Magna, Stockholm University. 8,514 views. Streamed live 23 hours ago.

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