Chapter
The Underestimated Productivity Gains of Digital Goods
32:19 - 37:58 (05:38)
The productivity growth of the past decade has been lower in comparison to the growth of the 90s and early 2000s. Despite this, the connectivity between people and the access to information through digital goods has the potential to yield significant productivity gains that may not be reflected in GDP.
Clips
Despite advancements in technology, particularly AI, overall productivity growth has been lower in the past decade compared to the 90s and early 2000s due to factors such as connectivity and access to information having a smaller than expected impact.
32:19 - 34:56 (02:36)
Summary
Despite advancements in technology, particularly AI, overall productivity growth has been lower in the past decade compared to the 90s and early 2000s due to factors such as connectivity and access to information having a smaller than expected impact.
ChapterThe Underestimated Productivity Gains of Digital Goods
Episode#141 – Erik Brynjolfsson: Economics of AI, Social Networks, and Technology
PodcastLex Fridman Podcast
The GDP doesn't account for digital goods that have no price, despite contributing value and being consumed more and more each day.
34:56 - 36:03 (01:06)
Summary
The GDP doesn't account for digital goods that have no price, despite contributing value and being consumed more and more each day.
ChapterThe Underestimated Productivity Gains of Digital Goods
Episode#141 – Erik Brynjolfsson: Economics of AI, Social Networks, and Technology
PodcastLex Fridman Podcast
Economist Erik Brynjolfsson discusses the limitations of GDP in measuring modern economic progress and proposes GDP-B, a new set of statistics that take into account the benefits of digital goods and services.
36:03 - 37:58 (01:54)
Summary
Economist Erik Brynjolfsson discusses the limitations of GDP in measuring modern economic progress and proposes GDP-B, a new set of statistics that take into account the benefits of digital goods and services.