#productivitygrowth — Public Fediverse posts

“As with past #innovations, a key question is how the gains from #productivitygrowth will be distributed. Historically, #technologicaladvances have disrupted #labormarkets and often widened gaps in #earnings and #employment between individuals …” www.project-syndicate.org/commentary/a...

Will AI Democratize Skills?

“As with past #innovations, a key question is how the gains from #productivitygrowth will be distributed. Historically, #technologicaladvances have disrupted #labormarkets and often widened gaps in #earnings and #employment between individuals …” www.project-syndicate.org/commentary/a...

Will AI Democratize Skills?

“As with past #innovations, a key question is how the gains from #productivitygrowth will be distributed. Historically, #technologicaladvances have disrupted #labormarkets and often widened gaps in #earnings and #employment between individuals …” www.project-syndicate.org/commentary/a...

Will AI Democratize Skills?

“FWIW, virtually no major forecaster or forecasting agency is projecting anything like this #productivity #boom. For example, the #CongressionalBudgetOffice (CBO) projects that #productivitygrowth will average 1.5% over the next decade.” open.substack.com/pub/deanbake...

AI Productivity Boom and Short...

“FWIW, virtually no major forecaster or forecasting agency is projecting anything like this #productivity #boom. For example, the #CongressionalBudgetOffice (CBO) projects that #productivitygrowth will average 1.5% over the next decade.” open.substack.com/pub/deanbake...

AI Productivity Boom and Short...

“FWIW, virtually no major forecaster or forecasting agency is projecting anything like this #productivity #boom. For example, the #CongressionalBudgetOffice (CBO) projects that #productivitygrowth will average 1.5% over the next decade.” open.substack.com/pub/deanbake...

AI Productivity Boom and Short...

AI Productivity Growth Won’t Match the Computer Revolution
https://prosyn.org/sgr9TWK?referral=304d11
#AI #productivityGrowth will likely underwhelm compared to the computer revolution of the late 1990s. AI’s impact on #productivity is being hampered by a "verification tax," where the time saved in generation is often lost to the intensive human oversight required to catch plausible-sounding errors. Unlike previous digital tools that simply retrieved or processed data, AI produces cognitive work that shifts the human role from doing to supervising, creating a bottleneck in human verification bandwidth.

While novices may see gains, experienced professionals can actually be slowed down by the need to audit and correct "confidently wrong" AI outputs. An over-reliance on these tools risks eroding the junior-level expertise necessary to verify machine work in the future. Ultimately, broad productivity gains will depend less on faster models and more on "verification infrastructure".
#economicgrowth #digitalRevolution

AI Productivity Growth Won’t Match the Computer Revolution
https://prosyn.org/sgr9TWK?referral=304d11
#AI #productivityGrowth will likely underwhelm compared to the computer revolution of the late 1990s. AI’s impact on #productivity is being hampered by a "verification tax," where the time saved in generation is often lost to the intensive human oversight required to catch plausible-sounding errors. Unlike previous digital tools that simply retrieved or processed data, AI produces cognitive work that shifts the human role from doing to supervising, creating a bottleneck in human verification bandwidth.

While novices may see gains, experienced professionals can actually be slowed down by the need to audit and correct "confidently wrong" AI outputs. An over-reliance on these tools risks eroding the junior-level expertise necessary to verify machine work in the future. Ultimately, broad productivity gains will depend less on faster models and more on "verification infrastructure".
#economicgrowth #digitalRevolution

AI Productivity Growth Won’t Match the Computer Revolution
https://prosyn.org/sgr9TWK?referral=304d11
#AI #productivityGrowth will likely underwhelm compared to the computer revolution of the late 1990s. AI’s impact on #productivity is being hampered by a "verification tax," where the time saved in generation is often lost to the intensive human oversight required to catch plausible-sounding errors. Unlike previous digital tools that simply retrieved or processed data, AI produces cognitive work that shifts the human role from doing to supervising, creating a bottleneck in human verification bandwidth.

While novices may see gains, experienced professionals can actually be slowed down by the need to audit and correct "confidently wrong" AI outputs. An over-reliance on these tools risks eroding the junior-level expertise necessary to verify machine work in the future. Ultimately, broad productivity gains will depend less on faster models and more on "verification infrastructure".
#economicgrowth #digitalRevolution

AI Productivity Growth Won’t Match the Computer Revolution
https://prosyn.org/sgr9TWK?referral=304d11
#AI #productivityGrowth will likely underwhelm compared to the computer revolution of the late 1990s. AI’s impact on #productivity is being hampered by a "verification tax," where the time saved in generation is often lost to the intensive human oversight required to catch plausible-sounding errors. Unlike previous digital tools that simply retrieved or processed data, AI produces cognitive work that shifts the human role from doing to supervising, creating a bottleneck in human verification bandwidth.

While novices may see gains, experienced professionals can actually be slowed down by the need to audit and correct "confidently wrong" AI outputs. An over-reliance on these tools risks eroding the junior-level expertise necessary to verify machine work in the future. Ultimately, broad productivity gains will depend less on faster models and more on "verification infrastructure".
#economicgrowth #digitalRevolution

IMF lowers growth outlook, warns of global recession if Iran oil shock is severe

The International Monetary Fund on Tuesday lowered its outlook for global economic growth this year and warned that…
#NewsBeep #News #BreakingNews #breakingnews #EconomicGrowth #GlobalEconomy #globalfinancialcrisis #globalgrowth #globalrecession #Iran #oilprices #Productivitygrowth
https://www.newsbeep.com/484107/

KB Securities has raised Hyundai Motor's target price by 158% to 800,000 won, valuing Boston Dynamics at 128 trillion won and projecting major productivity gains from humanoid robots.
#YonhapInfomax #HyundaiMotor #BostonDynamics #TargetPrice #HumanoidRobots #ProductivityGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=101216

https://www.europesays.com/uk/590445/ UK’s fiscal watchdog will downgrade growth forecasts, Sky News says #Britain #CurrentParliament #EconomicGrowth #England #FinanceMinister #FiscalWatchdog #GreatBritain #NorthernIreland #OBR #OfficeForBudgetResponsibility #ProductivityGrowth #RachelReeves #Scotland #SkyNews #UK #UnitedKingdom #Wales

If you're in #Brussels on the 8th and 9th of december, join the conference 'A #JustTransition Beyond Growth' that the #ETUI, the #ULB and the #EEB are co-organising. Registration is free and you could hardly get a better set of panelists. https://bit.ly/3i9nHI2

I'll chair a panel on #ProductivityGrowth, #work and #wages with Elise Dermine (#ULB), Jeremy Green (#Cambridge), Katharina Wiese (#EEB), Jan Mayrhofer (#EYF), and Ruairi Fitzgerald (#ETUC).

Please spread the word with a little #boost!