alt Hacker News> If AI produces surplus where does it go? Not talking about investment backed datacenter buildout and AI labs. Talking about the results of AI work...
The 1% pockets, this is where the vast majority of the extra productivity computers/internet/automation brought goes to for the last 50 years: https://www.epi.org/productivity-pay-gap/
The study doesn't say it went into the 1%'s pockets. It says it went to 2 places:
1) The salaries of corporate employees 2) Shareholders and capital owners
Regarding number 2: "Shareholders" would include anyone who owns any stock at all, including a lot of middle class people with a simple S&P 500 ETF in their portfolio.
And the increase in productivity allowed more people to become capital owners, AKA entrepreneurs. The explosion in software entrepreneurs, for example.