Paul Kedrosky
speaker
1,259 appearances
4 recordings
2 series
first heard Apr 2026
last heard 2d ago
Paul Kedrosky’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
Well how do I increase productivity?
Well people tell me this AI stuff is really good.
So there's your there's your double loop.
So now all of a sudden AI is not just the problem, it's the solution.
So it's literally just the input over output.
So or sorry, output over input.
So if we look at how much is being produced per unit labor and capital, that's and and how that's growing.
So we have a measure of how much labor and capital are going into the economy, and we look at what the output is that we're getting for that in GDP terms, there's your there there's productivity.
So it's really just it's a simple
So the labor measurement goes back to sort of what the size of the labor force, hours worked, um, all of the BLS the all the BLS aggregate data plays into that.
So but it's a good question though, because there's another there's two ways to obviously, well, multiple ways to increase productivity.
People can become more productive, but I can also introduce a lot more capital into the economy and replace people and also become much more productive.
Right.
There's a two multiple ways to increase the productivity numbers.
And so you have to be very careful because people keep citing data showing that the US is becoming more productive, but it doesn't have very much to do with individuals becoming more productive.
It's because we're increasingly replacing individuals with capital and that too
show shows up as higher productivity in the economy.
no, it's not.
But it's there's every once in a while you'll see a blip.
And it of course instantly people seize on it and say, Ah, there it is.
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