AI could trigger explosive growth – and crush labour’s share

Factory robot

The increasing use of artificial intelligence could overturn widely held beliefs in economics, creating the possibility of “explosive” growth and labour market upheaval, new research finds.

Economic growth under transformative AI, by economists Philip Trammell and Anton Korinek, warns that while growth could accelerate dramatically with widespread use of AI, the share going to workers could crash to zero.

Economist Daron Acemoglu made a similar warning in recent remarks to the Bank for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account