Nobel Laureate: AI won’t revive rapid economic growth

Nobel laureate Christopher Pissarides warns that AI is unlikely to bring back rapid productivity growth in Western economies.

Nobel Prize-winning economist Christopher Pissarides claims AI won’t restore the era of quick productivity growth.
He notes that up to 40% of jobs in the US and UK may remain largely unaffected by AI advancements.
Pissarides highlights sectors like nursing and hospitality as areas where AI’s impact will be minimal.