3 ms·
I think everyone should look at this chart of productivity increases since World War II: https://www.bls.gov/productivity/images/pfei.png https://www.bls.gov/p
by pasttense01 4y ago
I think everyone should look at this chart of productivity increases since World War II:
https://www.bls.gov/productivity/images/pfei.png https://www.bls.gov/productivity/images/pfei.png
Notice how productivity increases averaged 1.5%/year since 2007--in a period of massive increases in computer capabilities vs 2.8%/year in the 1947-1973 era.
Thus I am very doubtful the AI will have all these massive effects.
- jamilton 4y agoI don't find that a very convincing line of reasoning. Because the US's growth is slower than it was before the digital era, AI will never be dangerous? These are unrelated concepts. Whether AI can be dangerous isn't an economics problem, except insofar as AI research can get funding.