Could AI be the next "one big wave"?
from QIC QPod Hosted by QIC
Could AI have the same dramatic impact on productivity that electrification, railways and the car had last century? In the US, productivity growth rose by about a percentage point between 1920 and 1970, thanks to a wave of technological advances that helped transform the economy. In our latest QPod, QIC Chief Economist Dr Matthew Peter speaks with Professor Alex Robson, Deputy Chair of the Productivity Commission, about whether AI could drive a similar shift, and what even a modest but lasting lift in productivity could mean for economic growth and living standards.
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