If AI makes everyone more productive, who gets the raise?

Every company is announcing what AI can do: faster code, faster content, faster everything. The productivity story is real. The question is where the extra value goes.

Historically, big productivity jumps eventually lifted wages, but eventually can be a long time. In the meantime, the gains tend to show up first in margins and share prices, and in smaller teams doing the same work.

The people who come out ahead will likely be the ones who learn to direct the tools, not compete with them. That's a skill, and right now very few companies are paying to teach it.