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.”
However, firms’ expectations of AI’s workplace and economic impact remained substantial: Executives also forecast AI will increase productivity by 1.4% and increase output by 0.8% over the next three years. While firms expected a 0.7% cut to employment over this time period, individual employees surveyed saw a 0.5% increase in employment.
But they’ll continue to shove it down the wage-slaves’ throats.
But they’ll continue to shove it down the wage-slaves’ throats.