AIFortuneabout 2 hours ago
EY economist warns AI creates winner-takes-all economy
1 min read
Gregory Daco, EY-Parthenon chief economist, said AI productivity gains will likely concentrate wealth, creating a winner-takes-all economy. Margins hit a record 14.9% of GDP while labor's share fell to 52.8%, the lowest since 1947. Compensation rose 2.6% but real terms saw flat to slight contraction.
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