AI And The End Of Recessions As We Know Them
News Source : Forbes
News Summary
- Artificial intelligence can propel the economy forward even if unemployment soars.
- If that happens, economists will need to rethink the idea that a growing economy is a healthy one.
- Since the Great Depression, GDP has been the main measure of economic health.
- If AI allows companies to produce more with fewer workers, America could end up looking richer on paper while millions of households feel poorer in real life.
- The old signals stopped lining up the way they once did.
- The economy looked sick because the economy was sick.
Ken Griffin wasnt buying the AI panic.
Never miss a story from us, subscribe to our newsletter