How does the historical economic phenomenon of Engels' Pause inform your view of labor market disruption?
Co-Founder & CEO at Google DeepMind
During the British Industrial Revolution between 1780 and 1840, economic historian Robert Allen identified Engels' Pause: national economic output per worker surged by nearly fifty percent, but real working-class wages rose by only twelve percent for two entire generations before broad prosperity caught up. As artificial intelligence automates cognitive work, society must proactively construct redistributive economic mechanisms so wealth creation benefits the broader population immediately.
This answer is part of a full interview with Demis Hassabis, Co-Founder & CEO at Google DeepMind.
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