AI is reshaping the economy, but good luck measuring how
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AI might be contributing to the US inflation problem, or be part of the solution to it.
PHOTO: BLOOMBERG
Ben Casselman
- AI's economic impact is unclear, with conflicting data on job losses, productivity, and inflation effects due to difficulties measuring rapid AI adoption.
- Government data is limited and outdated, while private-sector data offers more detail but is less comprehensive and also inconsistent.
- Experts agree AI's broad economic effects are currently limited, with ongoing experimentation delaying clear outcomes and complicating policy decisions.
AI generated
NEW YORK – Pretty much everyone agrees that artificial intelligence (AI) has the potential to reshape the economy in the coming decades. But no one is sure what effect the technology is having right now.
According to some measures, AI is contributing to high unemployment rates among new graduates and might already have destroyed tens of thousands of jobs. Other sources suggest companies might actually be adding workers as a result of the technology.
