, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … on creating new tasks where labor can be productively employed. The consequences of this choice have been stagnating …

allocation of tasks to capital and labor – the task content of production. Automation, which enables capital to replace labor in … tasks it was previously engaged in, shifts the task content of production against labor because of a displacement effect. As … productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …

exposed" when their workers engage in tasks that are compatible with current AI capabilities. We document rapid growth in AI … at the occupation or industry level, implying that AI is currently substituting for humans in a subset of tasks but it is …

, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which … on creating new tasks where labor can be productively employed. The consequences of this choice have been stagnating …