AI, Unemployment and Work (marginalrevolution.com) AI

Alex Tabarrok argues that AI’s effects on unemployment versus leisure may be less distinct than they seem, since fewer working hours and more unemployment can represent similar totals of labor. He suggests the key issue is distribution, noting that policy can influence outcomes (e.g., an “AI dividend” or more holidays). Looking historically, he points to a large decline in US annual hours since 1870 without higher unemployment, alongside more leisure and longer life stages like retirement.