AI, tractors, and the productivity paradox
Where are AI's productivity gains hiding? What kitted out Model Ts can teach us.
The question everyone seems to be asking these days with respect to AI is: if it’s so impactful as claimed, why is it not showing up in any economic stats?
It is not the first time that such a paradox has shown up in the deployment of a new technology. In 1987, Robert Solow remarked that you can see the computer age everywhere except in the productivity …
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