What was claimed
AI is the biggest productivity leap since electricity (maybe bigger); previous tech gains (80% productivity) delivered almost no wage growth for workers as gains went to capital owners, so AI will widen inequality further unless you own equity.
Our verdict
Needs cautionResearch documents a significant productivity-pay gap, especially in the United States after the late 1970s, but typical worker compensation did grow rather than showing almost no growth. The size of the gap also varies across countries and periods. This is a forward-looking comparison, not an established fact. Recent research estimates AI could raise productivity substantially, but estimates vary and some studies find limited aggregate effects so far.
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Key findings
Previous tech gains (80% productivity) delivered almost no wage growth for workers as gains went to capital owners.
AI is the biggest productivity leap since electricity, possibly bigger.
AI will widen inequality further unless you own equity.
Gains went to capital owners