Source: Noahpinion
by Noah Smith
“Although we don’t know the long-term effects of AI on the distribution of income and wealth, right now we can see a substantial amount of economic benefit flowing — I wouldn’t say ‘trickling down’ — to regular Americans. This is not to say that regular Americans couldn’t stand to benefit more from the AI boom. I think they could. I like some (though not all) of Jared Bernstein’s ideas for spreading the benefits of the data center boom more broadly. But I think [Paul] Krugman has underestimated the benefits of the data center buildout in terms of direct employment, and has basically ignored the fiscal, macroeconomic, and consumer benefits of the current AI boom.” (10/06/260
https://www.noahpinion.blog/p/what-the-ai-boom-is-doing-for-americans