There are at least two likely mechanisms through which AI could increase inequality in America. In the near term, AI-driven productivity boosts could be skewed toward high-income workers, leaving lower-wage workers behind. In the slightly longer term, AI-driven labor automation could increase the share of income going to capital at the expense of the labor share.
Sam Manning argues that policymakers should monitor AI’s potential to exacerbate inequality through each of these mechanisms.
Health care costs are a top concern for voters. Although it may be overshadowed by national discourse about the economy, immigration, and abortion, voters have expressed that health care remainsone of their highest priorities. Gabriel R. Sanchez discusses the implications.
Europe needs competition, not national champions. Europe may very well need to take bold steps to promote economic growth and compete with the United States and China on the global market. But gutting its own antitrust regime is not the way forward, write Bill Baer and Jack Malamud.
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