Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago; Fortune, April 19, 2026

 

Sasha Rogelberg

, Fortune; Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago

"In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed, dropping from 2.9% from 1948 to 1973, to 1.1% after 1973."

Over 150 top execs fear Europe will create a ‘critical productivity gap’ with the U.S. if the EU overregulates A.I.; Fortune, June 30, 2023

RACHEL SHIN , Fortune; Over 150 top execs fear Europe will create a ‘critical productivity gap’ with the U.S. if the EU overregulates A.I.

"European business leaders are worried that the EU will overregulate A.I. and leave Europe trailing the U.S. in future productivity. A group of over 150 executives including the CEOs of Renault and Siemens, the executive director of Heineken, and the chief A.I. scientist of Meta, signed an open letter to the European Parliament on Friday, requesting the government pull back their proposed restrictions."