AI could shrink paychecks but stretch them further, a Yale economics professor says

Source: Business Insider

AI could lower wages but also reduce the cost of goods, boosting purchasing power, Yale economist Pascual Restrepo saysEschCollection/Getty ImagesAI could lower wages but boost spending power by cheapening goods, an economics professor said. Yale University's Pascual Restrepo says focusing on pay alone misses AI's impact on living costs. Even if paychecks shrink, lower prices could offset the hit.