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How long before we see a material impact on GDP? It seems like basically every knowledge worker can and will augment their workflows with this tech.
by vagabund 4y ago
How long before we see a material impact on GDP?
It seems like basically every knowledge worker can and will augment their workflows with this tech.
- RubberSoul 4y agoGreat question. The answer might be not that soon, and the effects will be confusing. Search "Solow paradox," "productivity paradox," and "IT productivity paradox," and you'll encounter a long debate in economics and management research about the role of computers and ICT spending in productivity.
- sekai 4y agoYou greatly overestimate worker's ability / desire to learn.
- dpkirchner 4y agoA whole lot of us learned how to use the Internet, cell phones, etc. I bet a lot of folks will easily take to an AI/LLM they can converse with.
- jazzyjackson 4y ago> It seems like basically every knowledge worker can and will augment their workflows with this tech. Alternately, 1/10 will be able to adapt to becoming cyborgs responsible for handling the same workload, while 9/10 get laid off
- dragonwriter 4y ago> Alternately, 1/10 will be able to adapt to becoming cyborgs responsible for handling the same workload, while 9/10 get laid off Somehow, vastly decreasing the cost per unit output for the work won’t increase the market clearing quantity?
- mach1ne 4y agoDepends on the market demand for knowledge work resources. Knowledge work mostly optimizes how well actual resources are produced and delivered to the consumer.
- quadcore 4y agoNot necessarily, increasing offer can increase demand. Look at the cheap burger you're having.