2+ day, 21+ hour ago  (159+ words) Job growth trends, however, "have been similar across industries with different AI exposure," according to the report. Morgan Stanley's related work estimates AI has nudged unemployment up by only about 0. 1 percentage point so far. AI will likely act as a…...

6+ day, 20+ hour ago  (192+ words) Caveat: Washington and Wall Street could be way off. But the tension between their forecasts and the outliers that go viral on social media should be acknowledged'and so should this: The typical technologist and the typical economist are probably closer…...

1+ week, 8+ hour ago  (530+ words) Compared to the typical American, Americans with disabilities are about twice as likely to be unemployed and they are two-thirds less likely to even enter the workforce. These facts alone should give policymakers pause. Eighty percent of people with disabilities…...

8+ mon, 1+ week ago  (438+ words) There are worse economic trends than slowing productivity. How about declining productivity for one? That's the nasty trick pulled by the US construction sector. It's been running in reverse for a half-century while the rest of the economy sped ahead....

1+ week, 6+ day ago  (212+ words) Recent US productivity gains are solid by post-Global Financial Crisis standards. It's not a 1990s-style boom, but it's enough of a revival to make many observers wonder whether we've entered a new phase of faster productivity growth, driven by advances…...

1+ mon, 1+ week ago  (398+ words) Still, a narrow focus on the aforementioned factors misses what may be the more immediate challenge. The next labor shock may come not from breakthroughs in AI, but from how quickly companies restructure around the considerable capabilities already in hand....

4+ mon, 2+ week ago  (174+ words) These outcomes show how technical debt and technological advancement can combine to increase negative exposure'latent'in long-forgotten code. As large language models take over an increasing share of new coding tasks, they rely heavily on vast libraries of existing software'often'riddled with…...

3+ week, 22+ hour ago  (282+ words) The long-running divide has been less about direction than about timing and scale. How quickly will firms adopt AI in a deep, economy-wide way? And will the resulting disruption resemble past technological transitions or something more abrupt? Economists have generally…...

4+ week, 1+ day ago  (416+ words) The AI jobpocalypse crowd has a fresh challenge to its view. "What Makes New Work Different from More Work? ," a new NBER working paper by economist David Autor and co-authors, shows that the American economy keeps spinning off new job…...

1+ mon, 4+ day ago  (548+ words) As AI advances, societies must consider how to strike a balance between the disruption caused by rapid productivity growth and its many benefits, including rising incomes and living standards. Fortunately, most advanced economies are well equipped to absorb the shocks…...