IntrepidHorror5986 t1_itzkzw3 wrote on October 27, 2022 at 1:46 PM

This article states that labor productivity is stagnating. This must be wrong, because there are everyday now posts on this subs from people who "feel" that progress is quickening. Statistics must be wrong.

a1b4fd t1_iu03ne1 wrote on October 27, 2022 at 3:51 PM

I think it's because AI's impact on economy is still low

SoylentRox t1_iu08mt6 wrote on October 27, 2022 at 4:23 PM

Yeah. Just a few elite companies are able to get AI to even work. You need a critical mass of skilled AI experts on one company, a bunch of other people to support the infrastructure required so the AI development is productive, and tens of millions in hardware. You need technically savvy managers who know the context of the decisions they are making, people person's who fake it can't make effective decisions on cutting edge ai projects.

Thos excludes almost all companies.

TopicRepulsive7936 t1_iu3834z wrote on October 28, 2022 at 5:47 AM

Steam engine was easy to measure because it has increased the things that were already consumed, but how do you measure a new thing like organ printing. My answer would be that you don't because it's stupid.

a1b4fd t1_iu3b8te wrote on October 28, 2022 at 6:27 AM

Healthier people are more productive/live longer, thus producing more

green_meklar t1_iu391w9 wrote on October 28, 2022 at 5:59 AM

Those things can both be true simultaneously. The real problem is that most people don't understand economics.

TopicRepulsive7936 t1_iu376l8 wrote on October 28, 2022 at 5:36 AM

I would have to know what exactly is labor productivity measuring. Is it a per capita average? If so that could be misleading.