AI, economy, new economy, retirement

Productivity and Robots

 

For decades the US economy has suffered from stagnant wages and stifled productivity. While the economy has grown in GDP since 1970 growing from $1 trillion to $18.5 trillion in 2016 the American worker has not enjoyed commensurate benefits. Wages have remained flat for decades. 

 

In the past, studies have shown that part of the reason for this was the development of the computer and its influence on businesses improving efficiency. 

 

Continue reading “Productivity and Robots”