1. The Paradox of Unemployed Growth
Chapter 1 — The Paradox of Unemployed Growth
Core question:
How can economies grow while employment and wages stagnate?
Main arguments:
- GDP growth no longer implies labor demand growth
- AI introduces a decoupling between production and employment
- Historical precedent: automation waves, but AI is different in scale
- Introduce the concept of “Unemployed Growth”
Key idea:
Economic output rises while the number of economically necessary workers falls.