Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We … assume that human work can be decomposed into atomistic tasks that differ in their complexity. Advances in technology make … ever more complex tasks amenable to automation. The effects on wages depend on a race between automation and capital …

-level results show that directly-affected workers (e.g., blue-collar workers performing routine or replaceable tasks) face lower …

--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage …

We develop an assignment model of automation. Each of a continuum of tasks of variable complexity is assigned to either … capital or one of a continuum of labor skills. We characterize conditions for interior automation, whereby tasks of … advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low …

range of tasks, which can be allocated to workers of different skill types or to capital. Factors of production have well …-defined comparative advantage across tasks, which governs the pattern of substitution between skill groups. Technological change can: (1 …) augment a specific labor type--e.g., increase the productivity of labor in tasks it is already performing; (2) augment capital …

tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent …

occupational demand; conversely, innovations that automate tasks or reduce occupational demand slow new work emergence. Third …