Why AI's Economic Impact Remains Unmeasurable
Source: NYT > Business (paywall)
The measurement problem is real. Unemployment stays low while wages stagnate, productivity metrics flatline despite trillion-dollar AI deployments, and labor displacement appears both everywhere and nowhere depending on which dataset you consult. Policymakers and investors are making trillion-dollar decisions on incomplete information. This gap delays wage regulation, distorts capital allocation, and allows companies to avoid accountability for automation that official statistics may never capture.