(Drivebycuriosity) - The 3rd quarter 2023 delivered some positive surprises. Last week we learned that the US economy grew 4.9%. Yesterday the Labor Department reported that U.S. worker productivity grew at its quickest pace in three years in the third quarter and jumped 4.7% com ( usnews). Since productivity grew faster than the salaries (+3.9%) the labor costs (per single unit of output ) dropped 0.8%.
The acceleration of productivity growth is good news since productivity growth and population growth merge to economic growth in the long run.
I think that we are at the begin of high economic growth lead by Artificial Intelligence. It is well known that AI will - and maybe already is - lift productivity (mckinsey ).
(source )
Amazon for instance already reported that they use AI to manage logistics, stocks and many other tasks to reduce costs and delivery times with the help of AI.
I believe that AI will gain fast traction and will significantly foster productivity and economic growth in the coming years.
Enjoy!
No comments:
Post a Comment