One Trillion Dollars
Morgan Stanley recently issued a report estimating that companies in the S&P 500 stand to save $1 trillion annually by replacing human labor with AI. The report also cites a figure of $13 trillion-$16 trillion in “long-term market value creation”. To be perfecty clear, that means labor income decreases by $1 trillion and stock values go up $13-16 trillion.
If you’re still confused about how you need to allocate your personal capital-labor split, let this serve as a moment of clarity.
The findings have been reported by lots of media sites, but none of them link to the report itself, which is apparently internal or client-only, at least for now.