AXIOS May 28, 2024
Economists are debating how AI might reshape the U.S. job market and boost productivity growth in the decades ahead. But a new paper finds that such benefits will be harder to match across the Atlantic.
Why it matters: The result might be a widening divide in innovation and economic outcomes between the U.S. and continental Europe.
Driving the news: As it stands, the U.S. and Europe are on divergent paths for generative AI adoption, according to a new paper by the McKinsey Global Institute — a predictable result, given that most of the technology has been built in the U.S.
- “Automation technology has the potential to revive productivity, allowing economies to solve most of today’s labor market challenges,” the...
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