descriptive claim
A standard economic approach to attributing output across factors is to compare output elasticities; the speaker gives labor an elasticity of about 0.6 and capital about 0.3.
Unresolved speaker · AGI is still 30 years away — Ege Erdil & Tamay Besiroglu · 17 Apr 2025
In their words
The transcript segments this claim was taken from
“in economics the standard do that is to look at the elasticities of output to the different factors like like capital is less important than labor because the output elasticity of like labor elasticity output is like 0.6 while for capital is like 0.3 but uh neither are by themselves sufficient like if you just scaled one of them and the other remained fixed then neither would be sufficient to indefinitely scale outputs”1:32:33Report a misattribution
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