Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
Summary
The Fortune piece revisits Solow's productivity paradox in the AI era, noting that while many executives use AI, average usage is about 1.5 hours per week and most report no impact on employment or productivity. It contrasts executive perceptions with MIT and Federal Reserve findings, highlighting mixed results and ongoing optimism about potential gains, depending on how AI is implemented. The article also discusses factors like tool overload and the potential for a productivity lift once adoption shifts toward more effective configurations.