https://aifaultline.com/authors/donghyun-suh/New papers by Donghyun Suh in the AI Fault Line guide, and news naming them. https://aifaultline.com/research/p/doi-10-48550-arxiv-2403-12107/https://aifaultline.com/research/p/doi-10-48550-arxiv-2403-12107/Sun, 17 Mar 2024 00:00:00 +0000In a task-based model where AI automates ever more complex tasks, wages depend on a race between automation and capital accumulation. If task complexity has an unbounded tail, wages can rise indefinitely; if full automation is reached, wages collapse, and they may fall earlier if automation outpaces capital accumulation.