Service Sector
topic on 2 shows · 2 statements across 2 episodes
2 statements about Service Sector, every show
Taneja: AI risks hollowing out the service sector over ten years
“Imagine if every nurse and every lawyer and every accountant that works in London becomes a AI agent of some company in the United States in the next 10 years. You're going to hollow out a lot of your labor productivity and give it to a U S company or a Chines…”
Cowen: Productivity growth in the service sector is approximately zero
“Here, clearly, more and more people are involved in innovation, but if you think of the economy as a whole, most jobs are service sector jobs, and as best we can tell, again, it's hard to measure, but productivity growth in those sectors is about zero.”