AI is the transformational technology of our age ... if businesses ever adopt it - AEI

As I've blogged about at length in this space, the US economy won't see sustained growth unless we can boost productivity. And there are a few different theories out there for why productivity growth has been so sluggish since the mid-2000s. Maybe ideas are becoming harder to find, maybe productivity has increased and we aren't measuring it correctly, or maybe productivity growth is here but it's just not evenly distributed yet. If that last theory is correct, and there's some reason to think it is (per a Commerce Department study, the digital sector has grown at an average annual rate of 5.6% over the last decade, compared to 1.5% overall), then the relevant question for policymakers is how to get these innovations to spread throughout the rest of the economy. That's where the new McKinsey report "Notes from the AI Frontier" comes in.