FT-Featured Essay: High AI Exposure May Mean More Hiring and Higher Wages, Not Displacement
soumitrashukla9 · x · 2026-09-07
A Substack essay by the author and Alex Olegimas, recommended to FT readers by John Burn-Murdoch and Sarah O'Connor, argues that "AI exposure" measures don't predict job displacement—and high exposure may even lead to more hiring and higher wages. Actual displacement hinges on consumer demand elasticity, complementarity between automatable and non-automatable tasks (a job's "dimensionality"), and whether firms find it worthwhile to reorganize production around AI, not just whether the tech can in principle do the task.
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