For the last two centuries, workers have been the central factor of production. As a result, real wages in industrialized countries have steadily risen and living standards soared to 20 times what they were 200 years ago. But the Age of Labor—with humans providing the main component of output—may be coming to a rapid end. Artificial Intelligence (AI) could soon reach the level … [Read more...] about AI and the Future of (No?) Work in Developing Countries
Anton Korinek is a Professor at the University of Virginia, Department of Economics and Darden School of Business as well as a Nonresident Fellow at the Brookings Institution, a Research Associate at the NBER, a Research Fellow at the CEPR and the Economics of AI Lead at the Centre for the Governance of AI. He received his PhD from Columbia University in 2007 after several years of work experience in the IT and financial sectors. He has also worked at Johns Hopkins and at the University of Maryland and has been a visiting scholar at Harvard University, the World Bank, the IMF, the BIS and numerous central banks. His research analyzes how to prepare for a world of transformative AI systems. He investigates the implications of advanced AI for economic growth, labor markets, inequality, and the future of our society. In his past research, he investigated the mechanics of financial crises and developed policy measures to prevent future crises, including an influential framework for capital flow regulation in emerging economies.