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Technology@lemmy.worldEnglish · 3 days ago

Thousands of CEOs admit AI had no impact on employment or productivity

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Thousands of CEOs admit AI had no impact on employment or productivity

cantankerous_cashew@lemmy.world to

Technology@lemmy.worldEnglish · 3 days ago

Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago | Fortune

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.”

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they knew, they just wanted the excuse to record profits by laying off hordes of tech workers.

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