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Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier (Alex Danco/a16z) from Techmeme RSS feed.
Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier (Alex Danco/a16z)
Alex Danco / a16z:
Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier — The Baumol Effect and Jevons paradox are related — If you live in the United States today, and you accidentally knock a hole in your wall …