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Ethan Mollick Highlights Erik’s Post on US Productivity Growth
- Who
- Erik Brynjolfsson
- What
- reports U.S. productivity grew at a 3.6% annual rate in the past quarter
- Quote
US productivity grew at a 3.6% annual rate this past quarter.
What happened
Erik is one of the economists who has been watching the impact of AI on the economy most closely, even before generative AI... @erikbryn says evidence is growing that productivity is turning a corner. US productivity grew at a 3.6% annual rate this past quarter, more than double the 1.5% average from 2007-2019. The new numbers put him further ahead in his bet with Bob Gordon about productivity growth.
Links in the post: 2Read next
See the full storyErik Brynjolfsson Says U.S. Productivity Growth Reached 3.6%Erik is one of the economists who has been watching the impact of AI on the economy most closely, even before generative AI... https://t.co/VCoOfWi4mg
Evidence is growing that we’re turning the corner on productivity. US productivity grew at a 3.6% annual rate this past quarter. That’s more than double the 1.5% average from 2007-2019. The new numbers put me further ahead for my bet with Bob Gordon about productivity growth https://t.co/EsWI2b7zv7View the quoted post on X
The story so far
Erik Brynjolfsson said U.S. productivity grew at a 3.6% annual rate in the past quarter, more than double the 1.5% average from 2007 to 2019. The figures add to his bet with economist Bob Gordon about whether productivity growth is accelerating.
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