Why your boss loves AI and you hate it:corporate profits are capturing your extra productivity, and your salary isn’t

“Those who do not learn history are doomed to repeat it.” So said George Santayana, the Spanish-American philosopher who was a star Harvard professor before resettling in Europe and becoming an influential public intellectual. Santayana’s writings served as a guiding light during some of the darkest days of two World Wars and the near cataclysm of the mid-20th century—a fate that none other than Ray Dalio sees repeating itself in the near future.

So maybe it’s time for a quick history...