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Has AI Improved Economic Productivity Yet?
Published about 1 year ago • 2 min read
Jimmy Wong AI Jimmy Has AI Improved Economic Productivity Yet? This week, I studied US government statistics about worker productivity to look for clues on how people can benefit from AI. Here’s what I learned. US Labor Productivity Growth trend chart from 1994–2023 In 2023, after a full year of ChatGPT, AI art, and other AI advancements, the US economic productivity growth rate was only 1.4%. This productivity growth was still well below the historical 2.1% average since WW2 (the 1947–2018...
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