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18 results for “technological stagnation”
Concept6 mentions across episodes
stagnation
...of technological change in the economy that is productivity growth, which which which we could talk about what that means. But, basically, it's it's a it's it's sort of the mathematical expression of the impact of technology, on the economy. And prod
5:51 / 7:03
from transcript5:51 – 7:03
...no technological progress in the actual economy for a very long time. So so we could talk about that. And then there's this other, like, just incredible thing that's happening, which is the the, you know, sort of the the demographic collapse. Right?
6:42 / 7:57
from transcript6:42 – 7:57
If your technological development is stagnant, then that that that's not the case. And it's it's an aggregate measure, but it's a it's a good measure overall. If you look at those statistics, basically, what you find is we had very we take more recen
18:40 / 19:47
from transcript18:40 – 19:47
...technological progress happening in the world, and the world is going to depopulate.
9:45 / 10:47
from transcript9:45 – 10:47
And until then, we have very incremental things all here, all there, but nothing that you see at the at the top line too easily. So I believe there is a tailwind from AI and tech in that regard. I just think it plays out a little more slowly and with
32:15 / 33:23
from transcript32:15 – 33:23
...rapid technological development, you know, you know, potentially, you know, now culminating in AI. But then there's also the world of atoms. And, you know, the the diagnosis, at least, that I would apply is we we we essentially outlawed,
19:29 / 20:33
from transcript19:29 – 20:33
...change. But, actually, if you look for actually evidence of that, like, in in statistical evidence of that, analytical evidence of that, like, you basically can't find it. And in particular, economists have a way of measuring the rate of technologica
8:52 / 10:15
from transcript8:52 – 10:15
...technological transformation in the economy as well as economic growth. And so we went from, like, super high growth to, like, high growth to low growth. That low growth coincided with this shift, right, with all the shifts that happened in the ninet
6:27 / 8:01
from transcript6:27 – 8:01
“Why 50 years of tech revolution didn't boost productivity like we think”
...very rapid technological change, which would necessarily mean very rapid productivity growth. Yet, if you actually look at the statistics, basically, since actually, since the year I was born, 1971, p
2:24 / 3:04
contrarian take2:24 – 3:04
...of a dynamic technological sec high-tech sector is important. When you start looking at the detail, though, and that was very interesting in this column and the work I did in this column, is it's pretty clear that an even bigger difference is in the
36:42 / 37:47
from transcript36:42 – 37:47
every day. I don't know. But, like, I just don't think, like, it's a mind blowing technology, and yet by and large, like, it hasn't had the economic disruption that I think many people would have guessed. Maybe I'm cynical on the subject, but I alway
3:40 / 4:44
from transcript3:40 – 4:44
...measures technological transformation in the economy as well as economic growth. And so we went from, like, super high growth to, like, high growth to low growth. That low growth coincided with this shift, right, with all the shifts that happened in
7:16 / 8:52
from transcript7:16 – 8:52
Obviously, there was the birth of stagflation. There was a decline in productivity growth across Western economies. The Soviet economy and the Eastern Bloc, more generally, the communist Bloc had run into the end of their growth model, this hyper ind
5:58 / 7:10
from transcript5:58 – 7:10
I feel like the change in model quality in the last six months is, like, really remarkable. It is remarkable. It just and, like, many of the concerns about hallucinations, they still exist, but they seem much less of a problem today than even six mon
31:26 / 32:36
from transcript31:26 – 32:36
It will take, you know, twenty or more years before they really transform the economy. And in the meantime, it's a whole bunch of add ons, which are fun and fine, but that's why I think it's slow. What can you tell us about the history of technology
8:12 / 9:18
from transcript8:12 – 9:18
And then, like, you know, slowly things became a $100,000 contract. So it became $500,000 contracts. There's money to be made. Right? So I I actually tweeted that AI services companies will be bigger than actually AI technology providers Yeah. Potent
58:28 / 59:33
from transcript58:28 – 59:33
And if you can get AI to do some of the work for which there isn't enough labor, that's a Goldilocks thing. And I think there certainly is a prospect of this, and we've seen an uptick in productivity growth. It's just the idea that AI is this switch
31:30 / 32:38
from transcript31:30 – 32:38
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