4 ms·

I'm not saying it is totally untrue, but this is the same generic, hedged statement that every business and political leader has been repeating for a couple yea

by paxys 8mo ago

I'm not saying it is totally untrue, but this is the same generic, hedged statement that every business and political leader has been repeating for a couple years now. Unless there's anything new or noteworthy added (and looking at the article there isn't) what is really worth discussing?

hackyhacky 8mo ago
What's new is who is saying it, i.e. people with better understanding of the economy than you or I.
- paxys 8mo ago
  People in much more important and powerful positions than her (presidents, CEOs of multi-trillion dollars companies, top economists, heck Jerome Powell himself) have been saying this exact thing in countless interviews and business forums. She is hardly the first.
  - hackyhacky 8mo ago
    > people with better understanding of the economy > People in much more important and powerful positions than her I said "understanding," you said "power." There's a difference: presidents and CEOs say lots of dumb stuff.
janalsncm 8mo ago
They linked to the economic report article: https://www.reuters.com/world/us/us-third-quarter-productivity-growth-unrevised-2026-01-29/ https://www.reuters.com/world/us/us-third-quarter-productivi... Productivity up 5%. Productivity/dollar up 3% Q2 and 2% Q3 even as labor costs up 1%.
- keeda 8mo ago
  Another source that has been finding labor productivity increases in national-level data, since 2024 now: https://www.stlouisfed.org/on-the-economy/2025/nov/state-generative-ai-adoption-2025 https://www.stlouisfed.org/on-the-economy/2025/nov/state-gen... > ... on average, industries with 1 percentage point higher time savings experienced 2.7 percentage points higher productivity growth relative to their prepandemic trend. We stress that this correlation cannot be interpreted as causal, and that labor productivity is determined by many factors. However, the current results are suggestive that generative AI may already be noticeably affecting industry-level productivity.
- emp17344 8mo ago
  This is not due to AI. The industries with the most impact on labor productivity are retail, wholesale trade, and manufacturing, all of which aren’t really benefiting much from AI. The tech sector employs about 2% of the labor force. Even if AI was dramatically increasing labor productivity in the tech industry, it would have a negligible effect on these statistics.
selridge 8mo ago
This is an ignorant statement cloaked as cynicism. Its purpose is to give permission to check out on politics.

by paxys 8mo ago

hackyhacky 8mo ago

What's new is who is saying it, i.e. people with better understanding of the economy than you or I.

paxys 8mo ago
People in much more important and powerful positions than her (presidents, CEOs of multi-trillion dollars companies, top economists, heck Jerome Powell himself) have been saying this exact thing in countless interviews and business forums. She is hardly the first.
- hackyhacky 8mo ago
  > people with better understanding of the economy > People in much more important and powerful positions than her I said "understanding," you said "power." There's a difference: presidents and CEOs say lots of dumb stuff.

janalsncm 8mo ago

They linked to the economic report article: https://www.reuters.com/world/us/us-third-quarter-productivity-growth-unrevised-2026-01-29/ https://www.reuters.com/world/us/us-third-quarter-productivi... Productivity up 5%. Productivity/dollar up 3% Q2 and 2% Q3 even as labor costs up 1%.

keeda 8mo ago
Another source that has been finding labor productivity increases in national-level data, since 2024 now: https://www.stlouisfed.org/on-the-economy/2025/nov/state-generative-ai-adoption-2025 https://www.stlouisfed.org/on-the-economy/2025/nov/state-gen... > ... on average, industries with 1 percentage point higher time savings experienced 2.7 percentage points higher productivity growth relative to their prepandemic trend. We stress that this correlation cannot be interpreted as causal, and that labor productivity is determined by many factors. However, the current results are suggestive that generative AI may already be noticeably affecting industry-level productivity.
emp17344 8mo ago
This is not due to AI. The industries with the most impact on labor productivity are retail, wholesale trade, and manufacturing, all of which aren’t really benefiting much from AI. The tech sector employs about 2% of the labor force. Even if AI was dramatically increasing labor productivity in the tech industry, it would have a negligible effect on these statistics.

selridge 8mo ago

This is an ignorant statement cloaked as cynicism. Its purpose is to give permission to check out on politics.