How will the convergence of AI and robotics affect the labor market?
Replied byRay Dalio
Founder at Bridgewater Associates
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Westport, Connecticut, United States
Started: 1975
Machines will replace both physical labor and cognitive tasks, which will squeeze out average workers. The share of business revenue going to workers will decline, while the share going to capitalists who own the technology will rise, widening the wealth gap.
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