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This paper explores the transformative impact of AI on automating knowledge work leading to the anticipated 'Age of Abundance' in a post-labor society where work is performed by machines rather than human labor. Through a detailed model incorporating variables such as cost of computing, AI model efficiency, and human-equivalent production output (d...
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... human capital will become far more important in the creation of value and competitive advantage than it is today, which is consistent with the conclusions of some managerial consulting firms such as McKinsey: "we'd argue the need for excellent management will grow even greater." (8) Figure 1 shows human labor decreasing as automation of work increases. ...
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