Could artificial intelligence really boost labour productivity?

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FIG Fellows: Francesco Tasin

Authors: Julian Jacobs, Francesco Tasin

Abstract:

Artificial intelligence has long been theorised as a cure for the West's ailing productivity growth. As the McKinsey Global Institute has shown, workplace productivity growth has been stagnant for about 40 years. But the discourse on the productivity effects of AI has been almost entirely speculative. Until recently, evidence of large-scale exposure to AI was absent from data.