AI is not a hype cycle. It is a productivity event on the scale of railroads, electricity, and the internet. Quite frankly, each of those moments redefined the nature of work, not just the beneficiaries. In the 1800s, railroads connected regional markets and crushed transportation costs, turning isolated economies into national ones. In the 1900s, electricity reduced factory production by more than 70%, multiplying output without multiplying labor. By the 1990s, the internet compressed distribution costs to ...