The Productivity J-Curve

Why we see AI everywhere except in the economic data—and when that will change.

If productivity increases in the economy and no one measures it, did it happen?

I began this week with three somewhat counterintuitive propositions:

1. I do not believe there has been any meaningful job displacement by AI.

2. I do not believe there has been any meaningful job creation by AI.

3. I do not believe there have been any meaningful productivity gains from …