In my commentary this week, I look at the insightful research note from Goldman Sachs, titled “The Potentially Large Effect of Artificial Intelligence on Economic Growth”, in which the authors explore the labour market’s future.
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The study posits that global productivity could see an impressive uptick, ultimately boosting global GDP by 7%. In the U.S., economic growth could leap from the anaemic range of 1% to 1.5% to a more robust 2.5% to 3%, reminiscent of the booming 1950s and 60s. The research highlights that AI automation affects two-thirds of U.S. occupations to varying degrees. A significant portion […]
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