New framing: AI may commoditize work rather than automate jobs away
soumitrashukla9 · x · 2026-11-07
JonSteinsson argues the dominant mental model for AI's labor-market impact—automation—may be the wrong one; commoditization may fit better.
- Automation: implies a job apocalypse.
- Commoditization: implies plentiful jobs but low wages.
Soumitra Shukla shared the thread, calling it "very cool stuff" and saying he'll dig into the paper over the weekend.
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