It’s too expensive to replace human workers with AI—for now, says MIT study
“Our study on automation with AI systems shows that many tasks wouldn’t be economically attractive to automate for years or even decades."
“Our study on automation with AI systems shows that many tasks wouldn’t be economically attractive to automate for years or even decades."
"For such a large, economically important commodity, we have surprisingly low visibility into the prices that are paid."
"Democracies need to show that they deliver in terms of economic growth, shared prosperity, control of corruption, and people's needs and wishes.
"The natural resources that should be Africa's golden ticket to economic prosperity have in many instances just been used by despotic leaders."
“The pathways to net zero involve significant electrification,” says Catherine Wolfram. “We would be expecting [electricity use] to increase.”
Young people in China do not have many career choices because the economic growth model primarily focuses on housing infrastructure investment.
"Competition itself does not destroy relationships. Economic competition makes countries strong."
"Finding suitable peers for financial analysis is a vexing task that requires careful consideration of firms' underlying economics ... "
"The data are pretty clear that openness promotes economic growth and technological development."
The idea that we'll cut taxes, get more revenue, and it'll all trickle down to everybody, that hasn't been plausible for a long time.