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0 -0.000716589036187731 -0.00143317807237546 0.00465782873522044 0.00394123969903258 0.00680759584378364 0.0125403081332856 0.017377284127553
Stock impact report

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago [Fortune]

ManpowerGroup (MAN) 
Last manpowergroup earnings: 4/21 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.manpowergroup.com
Company Research Source: Fortune
of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed , dropping from 2.9% from 1948 to 1973, to 1.1% after 1973. Recommended Video New-fangled computers were actually, at times, producing too much information , generating agonizingly detailed reports and printing them on reams of paper. What had promised to be a boom to workplace productivity was, for several years, a bust. This unexpected outcome became known as Solow's productivity paradox, thanks to the economist's observation of the phenomenon. “You can see the computer age everywhere but in the productivity statistics,” Solow wrote in a New York Times Book Review article in 1987. New data on how C-suite executives are—or aren't—using AI shows history is repeating itself, complicating the similar promises economists and Big Tech founders ma Show less Read more
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