AI’s productivity boom will likely create a ‘winner-takes-all’ economy, top EY economist warns
Fortune 14 ● 2 sources
EY-Parthenon economist Gregory Daco warned that AI-driven productivity gains will likely lead to a winner-takes-all economy where firms capture the benefits rather than workers. He pointed to margins reaching 14.9% of GDP alongside a labor share of 52.8%, the lowest since 1947. As a result, productivity is expected to support profits while income and labor’s share come under pressure, with concentration increasing rather than gains spreading broadly.