Price Elasticity: The One Data Point That Could Clarify AI’s Impact on Jobs
Silicon Valley’s conversations about AI often sound like inevitabilities: sweeping automation, mass displacement, and workplaces remade by powerful models. Those scenarios have driven anxiety among workers and intense debate among researchers. But one practical problem underlies much of the confusion: we lack the right economic data to predict how AI-driven productivity gains will actually affect employment. Without that missing piece, policymakers and economists are largely guessing. Why exposure metrics are…