Productivity

Absent major policy intervention, the experts tell us, AI will drive up income inequality to stratospheric levels. This idea is becoming de rigueur in Western intellectual circles, even though the underlying arguments supporting it are fallacious to the point of absurdity.

In the United States, micro, small, and medium-sized enterprises are just 47 percent as productive as large firms, compared to 60 percent in other advanced economies.

Giving in to dockworkers’ demands for higher wages without higher productivity would set a dangerous precedent that opposing automation is a noble cause. It’s not. It costs U.S. consumers and the economy dearly.

Increasing labor productivity through the development and adoption of new technologies will drive economic growth and should not be ignored as a viable way to raise federal revenue and decrease the budget deficit.

Data from the National Center for Science and Engineering Statistics shows that 13.7 percent of firms who use artificial intelligence experienced an increase in total employment.

Europe has been enormously unsuccessful in creating substantial digital businesses for over three decades.

The use of cloud computing by firms has been proven to increase productivity and innovation and to lower costs.

Labour aims to revive the UK’s economy by focusing on spreading innovation across all sectors, addressing the nation's productivity challenges through practical measures. By building on existing projects and ensuring the adoption of new technologies, particularly in both high-tech and low-tech sectors, Labour can deliver visible results and drive meaningful growth across the country.

While a labor shortage may drive up the cost of labor in the short run, in the long run it results in increased labor productivity and reduced prices.

Rob Atkinson appeared on the Silicon Valley Leadership Group’s podcast Silicon Valley Vibes to discuss his new book Technology Fears and Scapegoats.