Two different things. My understanding is that the Goldman Sachs take was about the effect of AI investments (largely the humongous CapEx spends by the hyperscalers) showing up in the GDP.
Nah, the articles are non-contradicting. That article focuses on how the spend mostly goes to imports, which decreases GDP. This one focuses on the effects on unemployment. It's very plausible that a decrease in interest rates right now would lead to more imports and AI spending, not increased employment.
keeda|6 days ago
This is about labor productivity, a standard national-level economic indicator (see https://www.bls.gov/news.release/pdf/prod2.pdf and https://fred.stlouisfed.org/series/OPHNFB) going up 4.9%, as reported in this article linked in TFA: https://www.reuters.com/world/us/us-third-quarter-productivi...
gaogao|6 days ago
dhdjdkkdkd|6 days ago
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