The American Productivity Advantage
==========
Warren Buffet's saying 'Never bet against America' highlights the US economy's strong labor productivity growth, which is up nearly 3% over the past year, 50% higher than the postwar average; Goldman Sachs forecasts a productivity growth slowdown to 1.7% in the near term but predicts a rebound in the late 2020s due to AI; Daron Acemoglu expresses caution about AI's impact; Key factors for US productivity include high capital investment at 17% of GDP, a high churn rate of companies fostering innovation, and a strong tech sector supported by a favorable regulatory environment; The US leads in global private-sector AI investment and DARPA is funding numerous AI projects; The article emphasizes America's formidable position as an innovation engine.
#Productivity #Ai #Economy #Innovation #CapitalInvestment #ResearchAndDevelopment #Technology #WarrenBuffet #DaronAcemoglu #GoldmanSachs
https://www.aei.org/economics/the-american-productivity-advantage/
American Enterprise Institute /
npub14z…4fwd3
2024-10-21 20:09:07
Author Public Key
npub14zq8m4ucx6nteqtxp2d3m8z3tqa2hkcwh4rm96lde0cx2cjwlh9s94fwd3Published at
2024-10-21 20:09:07Event JSON
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"content": "The American Productivity Advantage\n==========\n\nWarren Buffet's saying 'Never bet against America' highlights the US economy's strong labor productivity growth, which is up nearly 3% over the past year, 50% higher than the postwar average; Goldman Sachs forecasts a productivity growth slowdown to 1.7% in the near term but predicts a rebound in the late 2020s due to AI; Daron Acemoglu expresses caution about AI's impact; Key factors for US productivity include high capital investment at 17% of GDP, a high churn rate of companies fostering innovation, and a strong tech sector supported by a favorable regulatory environment; The US leads in global private-sector AI investment and DARPA is funding numerous AI projects; The article emphasizes America's formidable position as an innovation engine.\n\n#Productivity #Ai #Economy #Innovation #CapitalInvestment #ResearchAndDevelopment #Technology #WarrenBuffet #DaronAcemoglu #GoldmanSachs\n\nhttps://www.aei.org/economics/the-american-productivity-advantage/",
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