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Productivity Is About to Slump—and AI Won’t Come to the Rescue
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Productivity Is About to Slump—and AI Won’t Come to the Rescue
By Megan Leonhardt and Adam Levine – Barron’s The history of technological innovation suggests it will take longer to reap the benefits of artificial intelligence than its champions realize. That spells problems for the economy. U.S. labor productivity growth averaged 2.2% annually since 2022, driven by investments, new businesses, and immigration, but these factors are now declining. AI adoption is currently minimal, with only about 10% of bus…
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