Labor productivity growth has been on the rise in recent years, gaining an average of 2.2% a quarter since 2023. It’s been a ...
Productivity has increased, largely because more jobs are being automated — and AI is expected to speed that transformation.
The history of technological innovation suggests it will take longer to reap the benefits of artificial intelligence than its ...
Productivity growth occurs when an economy can generate more output from the same amount of inputs, more from fewer inputs, or even the same output from fewer inputs. In other words, an economy ...
Global economic growth is expected to moderate over the next 15 years in relation to prior decades, according to economists.
The next great transformation may be the rise of networked minds, the merging of human and machine intelligence into ...
A new report shows that a shrinking labor supply could provide headwinds for the productivity gains projected from AI Terry Lane is a writer for Investopedia with 25 years of experience in journalism ...
I only wish US productivity growth were as consistently strong as job growth. (The economy added 428,000 jobs in April, making it 12 consecutive months of employers adding at least 400,000 new jobs.) ...
Over short time periods, such as a few quarters or a couple of years, productivity correlates very strongly with gross domestic product. Total output drives the market opportunity of companies. Total ...
But, as you say, it’s hard to pin down just how AI is effecting such growth or how it will in the future. Brynjolfsson ...
U.S. labor productivity has grown quickly during the pandemic compared with the past decade. However, this rapid pace is unlikely to be sustained. Similar to the Great Recession, the primary reasons ...