Reported about 4 hours ago
John Fernald, an economist with the Federal Reserve Bank of San Francisco, published an analysis suggesting that the recent productivity surge may persist, potentially heralding a new period of growth similar to the 1995-2004 boom. While acknowledging the cyclical nature of productivity fluctuations observed during the pandemic, he and his co-authors also identified reasons for optimism, including revised data showing stronger productivity growth than previously thought. The impact of emerging technologies, such as generative artificial intelligence, remains uncertain but could influence future productivity trends.
Source: YAHOO