Wage Cap by Replication Cost
(Redirected from Replication Cost Ceiling)
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A Wage Cap by Replication Cost is a wage bound that limits compensation to computational replication costs.
- AKA: Replication Wage Cap, Compute-Bounded Wage, Digital Replication Wage Limit, CEU Wage Cap, Replication Cost Ceiling.
- Context:
- It can typically equal productivity parameter times compute-equivalent units of labor.
- It can typically explain wage stagnation despite output growth.
- It can often create income inequality between compute owners and workers.
- It can often vary by occupation type and automation difficulty.
- It can range from being a Binding Wage Cap by Replication Cost to being a Non-Binding Wage Cap by Replication Cost, depending on its market condition.
- It can range from being a Immediate Wage Cap by Replication Cost to being a Gradual Wage Cap by Replication Cost, depending on its implementation speed.
- It can range from being a Sector-Specific Wage Cap by Replication Cost to being a Universal Wage Cap by Replication Cost, depending on its coverage scope.
- It can range from being a Temporary Wage Cap by Replication Cost to being a Permanent Wage Cap by Replication Cost, depending on its duration characteristic.
- ...
- Example(s):
- Service Sector Wage Cap by Replication Cost, such as:
- Knowledge Work Wage Cap by Replication Cost, such as:
- ...
- Counter-Example(s):
- Minimum Wage Floor, which sets lower rather than upper bounds.
- Market Wage Rate, which reflects supply-demand rather than replication cost.
- Performance-Based Compensation, which rewards output rather than caps input cost.
- See: Wage Bound, Compute-Equivalent Units of Labor, Labor Share of Income, Replication Cost, Wage Growth Rate, Economic Value Measure, Labor Economics, AI Economics, Income Distribution.