AI is everywhere except in the data, suggesting it will enhance labor in some sectors rather than replace workers in all sectors, top economist says

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Despite hopes for unlocking a new era soaring growth and abundance, AI has yet to manifest itself clearly in macro data, according to Apollo Chief Economist Torsten Slok.

In a note on Saturday, he recalled economist Robert Solow’s quip from the 1980s as PCs were transforming the economy: “You can see the computer age everywhere but in the productivity statistics.”