Erik is one of the economists who has been watching the impact of AI on the economy most closely, even before generative AI...
Ethan Mollick cites rising US productivity growth as AI's economic impact
AIEthan Mollick points to economist Erik Brynjolfsson's post reporting US productivity grew at a 3.6% annual rate last quarter. That is more than double the 1.5% average from 2007 to 2019, which Brynjolfsson says supports his bet with Bob Gordon about 2020s productivity growth.
Ethan MollickVerified on X
@emollick
Evidence is growing that we’re turning the corner on productivity. US productivity grew at a 3.6% annual rate this past quarter. That’s more than double the 1.5% average from 2007-2019. The new numbers put me further ahead for my bet with Bob Gordon about productivity growth in the 2020s. 💪 Here’s how far the US is now ahead of the CBO estimate at the start of the decade (before they knew about the pandemic or LLMs) courtesy of @jasonfurman’s Econvitals.
Source details
Ethan Mollick · x.comPublished · added here
Original title: Erik is one of the economists who has been watching the impact of AI on the economy most closely, even before generative AI...