Navigating Economic Optimism and Sustainability

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the rising indicators in the US economy, focusing on the impact of AI and technological advancements on manufacturing and sustainability. It contrasts productivity trends between the US and Europe, questioning the reasons behind these disparities while emphasizing the importance of innovation in achieving climate goals.

Leading economist Chad Syverson speculates about the ingredients in productivity’s secret sauce.

In this episode of the McKinsey Global Institute’s Forward thinking podcast, co-host Janet Bush talks with Chad Syverson. Syverson is George C. Tiao Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. His work focuses on the interactions between firm structure, market structure, and productivity.

In this podcast, he covers topics including the following:

Why productivity is important
How the world economy is doing on productivity
What major themes of our age, from the path to net zero to trade fragmentation and aging, could impact productivity
The potential role of AI to change the game for productivity
How productivity growth is diffused

See www.mckinsey.com/privacy-policy for privacy information