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by trimbo
9 days ago
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> So where is all the productivity going? Where is the value? Infrastructure doesn't produce value overnight. How long did it take the Interstate System to provide measurable value? I asked Gemini. Supposedly increased national productivity by 25% over 39 years[1]. But if you drove on a newly finished interstate in 1959, you saw the same cars just moving a lot faster. That's what we're seeing right now. People can produce an incredible amount of stuff really quickly with AI. Is it directly connected to measurable productivity across the entire economy? No, because, realizing a mass productivity increase from infrastructure takes time. [1] - https://www.richmondfed.org/publications/research/econ_focus... |
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