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by pasttense01
794 days ago
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Look at this chart of Productivity Change in the Nonfarm Business Sector 1947-2023. https://www.bls.gov/productivity/images/pfei.png What you would expect if you read all the media hype about new technology is that there would have been massive increases in productivity in the last 15 years compared to earlier years. Instead productivity increases were significantly greater before then. I expect AI will be similar. I expect there will be some areas where it will have major impacts, but most areas will continue on about the same. |
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