Why Is New Technology not Making Us More Productive?

For years, corporate America has believed that cloud computing and artificial intelligence will fuel a surge in wealth-generating productivity. This conviction has resulted in a flood of venture capital and corporate spending. And, proponents argue, the payoff will not be limited to a small group of tech titans, but will spread throughout the economy, It has not yet occurred. Productivity growth since the pandemic has averaged about 1% per year, consistent with the meager rate since 2010 — and far below the previous period of robust improvement, which lasted from 1996 to 2004, when it averaged more than 3% per year. Economic growth does not occur solely through the addition of more capital and labor. Another important factor is a country's ability to create and commercialize innovation, which increases investment and worker productivity. --- Support this podcast: https://podcasters.spotify.com/pod/show/wayne-weathersby/support Subscribe today and join a community that’s growing stronger every week. The Productive NOT Busy Podcast isn’t just a show—it’s your playbook for creating momentum, building confidence, and living life on purpose.