Productivity

Starbucks cafes establish a location for networking and have a substantial effect on entrepreneurship, leading to an increase of new businesses from 5.5 percent to 13.6 percent.

The United States has faced an unprecedented slowdown in labor productivity in the last two decades. Policymakers must incentivize businesses to adopt and invest in the development of critical and emerging technologies.

Nursing homes are notorious for worker shortages, which worsens the quality of care for patients and the work environment for employees. Japanese nursing homes have begun deploying robots to address these problems.

U.S. manufacturing productivity has been in decline for more than a decade. If policymakers don’t do more to turn that around, real wages will stagnate and U.S. manufacturers will increasingly find themselves at a competitive disadvantage.

Absent major policy intervention, the experts tell us, AI will drive up income inequality to stratospheric levels. This idea is becoming de rigueur in Western intellectual circles, even though the underlying arguments supporting it are fallacious to the point of absurdity.

In the United States, micro, small, and medium-sized enterprises are just 47 percent as productive as large firms, compared to 60 percent in other advanced economies.

Giving in to dockworkers’ demands for higher wages without higher productivity would set a dangerous precedent that opposing automation is a noble cause. It’s not. It costs U.S. consumers and the economy dearly.

Increasing labor productivity through the development and adoption of new technologies will drive economic growth and should not be ignored as a viable way to raise federal revenue and decrease the budget deficit.

Data from the National Center for Science and Engineering Statistics shows that 13.7 percent of firms who use artificial intelligence experienced an increase in total employment.

Europe has been enormously unsuccessful in creating substantial digital businesses for over three decades.