Updated
Updated · Financial Times · Jul 31
Nick Bloom Says AI Could Reverse 15 Years of Weak Productivity
Updated
Updated · Financial Times · Jul 31

Nick Bloom Says AI Could Reverse 15 Years of Weak Productivity

1 articles · Updated · Financial Times · Jul 31

Summary

  • 15 years of weak productivity is the backdrop for Nick Bloom’s latest discussion with Soumaya Keynes on whether AI can finally lift output across developed economies.
  • Bloom says many CFOs and CEOs now expect AI to supercharge their businesses, even though broad economy-wide productivity gains have not yet shown up clearly.
  • The conversation also examines how widely those gains may spread, raising the question of whether AI’s benefits will be concentrated in a few firms or shared more broadly.
  • Working from home is part of the wider productivity debate as well, with Bloom arguing it can support labour output and even fertility rates.

Insights

Why are workers saving a full workday each week using AI, yet the global economy shows zero aggregate productivity growth?
Could the secret to solving the 15-year economic productivity slump lie not in advanced AI algorithms, but in better middle management?