It’s a matter of the relative value of types of production factors. Will AI increase or decrease the relative value of human labor compared to machinery, raw ma

It’s a matter of the relative value of types of production factors. Will AI increase or decrease the relative value of human labor compared to machinery, raw materials, and land? Beyond Adam Smith: What about Social, cultural, and Symbolic capital (Pierre Bourdieu). My gut feeling: median relative value of labor down, especially for knowlege worker, Other factors up, including social, symbolic, cultural capital. Being in an in-group protects, eg. in regulated professions. I expect regulations and group-thinking to go up as a protective measure.