These people are saying it is there too. Though I am not quite sure what they (or anyone, for that matter) mean by AI:
First, we argue that AI can already be seen in productivity statistics for the United States. The production and use effects of software and software R&D (alone) contributed (a) 50 percent of the 2 percent average rate of growth in US nonfarm business labor productivity from 2017 to 2024 and (a) 50 percent of its 1.2 percentage point acceleration relative to the pace from 2012 to 2017. Second, taking additional intangibles and data assets into account, we calculate a long-run contribution of AI to labor productivity growth based on assumptions that follow from the recent trajectories of investments in software, software R&D, other intangibles, and productivity growth in both US and Europe. Our central estimates are that AI will boost annual labor productivity growth by as much as 1 percentage point in the United States and about .3 percentage point in Europe.
That is from Bontadini, Corrado, Haskel, and Jona-Lasinio, here is the complete abstract online.
Saturday assorted links
1. Notes on Oman. 2. Colin McGinn on best philosopher ever. 3. Owner wants to give away Green Mountain Campus....
Germany projection of the day
Germany’s population is projected to shrink by nearly 5 per cent within 25 years — a significantly steeper decline than...
Minimum wage hikes and robots
This paper studies how minimum wage policy affects firms’ adoption of automation technologies. Using both state-level measures of robot exposure...
That Was Then/This is Now
Hat tip: Logan Dobson. The post That Was Then/This is Now appeared first on Marginal REVOLUTION. Source link...
