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thelastgallon | 12 days ago

> comparative advantage tells you that some human labor will remain valuable in some configuration, but nothing about the wages, number of jobs, or the distribution of gains. You can have comparative advantage and still have massive displacement, wage collapse, and concentration of returns to capital. A world where humans retain “comparative advantage” in a handful of residual tasks at a fraction of the current wages is technically consistent with Oks’ framework, but obviously is worth worrying about and is certainly not fine.

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