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IL30: How To Evaluate True Macro Risk? ft. Philipp Carlsson-Szlezak
Top Traders Unplugged
Productivity Growth: A Realistic Perspective
Productivity growth in the United States is misunderstood, particularly due to a shift towards services which impacts overall growth metrics. While technology has improved productivity in physical sectors, such advancements in services, such as education and healthcare, face significant hurdles. Societal acceptance and integration of AI and automation in these fields take time; for instance, replacing human teachers or radiologists with algorithms is far from immediate. Despite the enthusiasm surrounding technological advancements, the reality is that changes will be gradual. Predictions of substantial GDP growth coinciding with these changes may be overly optimistic, indicating the importance of a realistic timeline and expectation regarding technological integration.
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