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Employee and Citizen Ownership of Business Capital in the Age of AI Robots

  • Richard B. Freeman
Chapter
Part of the Management-Reihe Corporate Social Responsibility book series (MRCOSORE)

Abstract

This paper seeks to convince you that the best response to the coming dominance of AI robots in the world of work is to expand both employee ownership of firms and citizen ownership of business capital more broadly. Section 1 analyzes the likely effects of advances in AI robot technologies on the comparative advantage of machines versus humans in high-value-added work and the consequences for wages and salaries and income inequality. Section 2 argues that the best way to assure that living standards increase for all in the age of AI robots is through enhanced employee ownership and greater citizens’ stake in business capital, distributing capital income far more widely than today.

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Copyright information

© Springer-Verlag GmbH Deutschland, ein Teil von Springer Nature 2018

Authors and Affiliations

  1. 1.National Bureau of Economic ResearchCambridge MAUSA

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