A recent working paper by Anton Korinek and Donghyun Suh explores different scenarios for the transition to Artificial General Intelligence (AGI). The paper analyzes the impact of technological progress on output and wages, considering the possibility of full automation and its implications for the labor market. The authors discuss the race between automation and capital accumulation, the effects on wage dynamics, and the potential for broad-based gains in productivity. The research provides valuable insights into the economic consequences of AGI development.
The transition to Artificial General Intelligence (AGI) has been a topic of great interest and speculation in recent years. Many researchers and industry leaders believe that AGI, which refers to AI systems that can perform all tasks at human levels, may soon become a reality. In a working paper titled “Scenarios for the Transition to AGI,” economists Anton Korinek and Donghyun Suh delve into the economic implications of AGI…