However, knowledge is often tough to gather and maintain at scale. I built expert systems in the late 1980s and early 1990s for various applications and that was the biggest bottleneck.
@erikbryn
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Pedro’s Interpretation of Sutton’s Bitter Lesson
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A charitable reading is that Pedro is giving his interpretation of Rich Sutton’s Bitter Lesson.
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Post-Pandemic Wage Growth and Labor Market Recovery
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Wages are up since before the pandemic. Wage data were distorted in the middle of the pandemic as lots of people were out of work and many were getting government payments.
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US Productivity Surge Maintains Strong Prime Age Labor Force Participation
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America’s strong productivity growth isn’t coming at the expense of jobs. Prime age labor force participation hasn’t been this high for over 20 years
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US Productivity Growth Accelerates to 2.7% Annually
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Productivity grew 2.7% over the past year in the US. That's faster than expected. The good news for America keeps on coming!
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Job Market Signals Fed Rate Cut Opportunity
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The job market now signals room for the Fed to cut rates
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Electrification cycle driven by magnets batteries transistors
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The world is electrifying, thanks to 1) better magnets,
2) more efficient and denser power transistors,
3) cheaper and denser batteries,
4) single-chip solutions for battery management and motor control. A virtuous cycle of greater scale => more learning and efficiencies
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France achieves high living standards with low carbon footprint
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High standard of living plus low carbon footprint. Vive la France!
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Growth and Productivity: Key Economic Insights Thread
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Here is a terrific thread by @DigEconLab postdoc @BasilHalperin about growth and productivity. #econtwitter
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Project-Based Learning Teams Discover AI Insights Independently
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I try to do this in my classes – lots of project based work, where students have a chance to working teams and discover insights on their own