[–] amanaplanacanal 3 days ago
[–] rootusrootus 3 days ago
I think it lags. There was a sag between the mid-70s and mid-90s, which is when computers and the Internet were being rapidly developed but weren't really hitting the business mainstream. But late 90s through today it clearly ramped up a lot -- my bet is this is because of IT. It just takes a long time, it's not a sharp jump because not every business gets on board immediately and productively.
My guess is AI ends up the same. But then again, I'm not an economist, only a developer, so I just think I can tell anything about that productivity graph.
[–] johnvanommen 3 days ago
I noticed this anecdotally; in 2021 it was especially noticeable that people were just phoning it in at work, and “quiet quitting” was a meme.
[–] rootusrootus 3 days ago
If I understand correctly, the spike in 2020 was not any kind of jump in real productivity, either, it is an artifact of how the calculation is made -- there was a sudden drop in hours from low paid workers who typically have a lower than average contribution to productivity (as measured), so laying a bunch of them off skews the per-hour calculation. Then as things settled down companies re-hired, and then over-hired.
For that matter if we want to talk about percentage increases that should be a log scale. Productivity improvements appear to be slowing down.