All Topics
All Topics
Technology
Technology
Design
Design
Programming
Programming
Science
Science
News
News
Gaming
Gaming
Entertainment
Entertainment
Business
Business
Finance
Finance
Sports
Sports
Health
Health
Food
Food
Travel
Travel
Art
Art
Music
Music
Books
Books
Education
Education
Politics
Politics
Personal
Personal
No algorithm. No AI slop. No ads. Just RSS. Pro-human. Indie writers. Real journalism. Open web. Chronological. Hand toasted.

US productivity growth may be surging after a decade of stagnation

By

The Economist

3d ago· 1 min readenInsight

Summary

The article discusses how the U.S. may be experiencing a productivity boom after a decade of stagnation following the 2007-09 financial crisis. The Congressional Budget Office and other forecasters have consistently underestimated productivity growth. The article hints that AI is not yet a major driver of this productivity miracle.

Key quotes

· 3 pulled
For a decade after the global financial crisis of 2007-09 rich-world productivity growth was, by historical standards, deadish.
Since prosperity depends on the ability to produce more with the same labour, this consigned even America to eternal stagnation (and don't ask about Europe).
Partial data hinting otherwise were dismissed as false prophets.
Snippet from the RSS feed
AI hasn’t—yet—got much to do with it

You might also wanna read