Earlier quoted context omitted.
Everywhere?? That’s exactly the hype talk that’s going to burst this bubble. Here’s tech’s dirty little secret. Despite all the screams about automation and universal basic income… the exact numbers where job replacement would show are in the labor productivity numbers. If GDP stays flat or grows while the number of jobs is reduced… bingo… you’d see that number climb. Productivity has actually stayed flat or gone dow…
The missing productivity paradox is something that should interest everyone in tech! Like any macroeconomic observation, there is plenty of uncertainty in both the measurements (GDP ain't perfect) and the context (2 financial crises and a pandemic). But even pro-status-quo institutions like Brookings agree that Something Is Up. Their 2021 review on the topic is both a decent summary and a good source of further refs…
If this is a good explanation, it begs the question of what AI might do to destroy productivity as well. If you’re constantly sexting with your AI girlfriend, who just happens to be extraordinary adept at tapping into your sexual proclivities, maybe you won’t get as many support tickets resolved as your boss was hoping.
More hypothetically, I would also expect that a world in which people spend a lot of time with screens strapped to their head, consuming an infinite stream of entertainment provided by generative AI, is not going to produce higher GDP.