Productivity On Gilligan’s Island: Episode 2
Over 7 years ago, we wrote a piece using the 1960s TV sitcom Gilligan's Island to provide a simple example of why productivity is the most important driver of economic growth. In this article, we present the next episode of Gilligan’s Island, describing what happens after the benefits of innovation no longer drive economic growth. Right now, the US and global economies are in a period of transition between two innovation eras: the IT boom's productivity tailwind is largely spent, and AI's potential is budding. Nobody knows when, or how large, the AI payoff will ultimately be. While no one has…
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