The Dynamo and the Computer: The Modern Productivity Paradox (1989) [pdf]
https://gwern. net/doc/economics/automation/1989-david.
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https://gwern. net/doc/economics/automation/1989-david.
Companies are pouring billions into AI, but faster workers and higher AI use haven't consistently translated into profit or company-wide productivity.
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Investor Joe Lonsdale said CEOs who over-hired or "lowered the bar too much" are now masking their layoffs with "AI productivity.