Productivity is on the upswing

Labor productivity has been on a growth streak for the past year and a half. It increased 0.8% in the first quarter of this year, according to the Bureau of Labor Statistics, and is up almost 3% from a year ago. How much of this boils down to AI? Also on the show: threatened tariffs against the European Union and a conversation about U.S. dollars, the oil shock, and investment from Gulf countries.