Nobel Laureate: AI Cannot Recreate the Era of High Economic Growth

Odaily报道, On July 7, Christopher Pissarides, the 2010 Nobel Prize winner in Economics, warned that artificial intelligence will not restore Western economies to an era of high productivity growth—an era that may have been permanently lost. Pissarides stated that up to 40% of jobs in the United States and the United Kingdom will remain largely unaffected by AI, citing sectors such as healthcare and hospitality. Technology companies and governments are pinning their hopes on AI to revive growth levels that have significantly slowed in recent decades. The weak performance of Western economies, particularly in Europe, has made policy trade-offs more difficult. However, Pissarides noted that there is currently little evidence that AI can boost productivity, and he challenged claims from Nvidia CEO Jensen Huang and OpenAI founder Sam Altman that the technology will have a profound impact on employment. While the technology may yield some productivity gains, "I doubt we will see a repeat of the computer boom of the 1980s and 1990s," Pissarides said.