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Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
5 Articles
5 Articles
Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
In the 1980s, economist Robert Solow made an observation that reminded economists of today’s AI boom: “You can see the computer age everywhere but in the productivity statistics.”
Thousands of CEOs Just Admitted AI Had No Impact On Employment Or Productivity
An anonymous reader quotes a report from Fortune: In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed, dropping …
Thousands of CEOs admit that AI has no impact on employment or productivity, which is reminiscent of a 40-year-old paradox: "a widespread technology but absent from productivity statistics"A survey of thousands of executives reveals a striking paradox: the majority say that AI has not yet produced significant improvements in productivity or employment. There are some gains in specific tasks or functions, but they do not seem to have been success…
Thousands of CEOs just admitted AI had no impact on...
article link In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed, dropping from 2.9% from 1948 to …
And this has led economists to resurrect a paradox of 40 years ago.February 17, 2026.-In 1987, economist and Nobel Prize laureate Robert Solow made a stark observation about the stagnation of the evolution of the information age: after...
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