Donald Luskin on the Journal Editorial Report with Paul Gigot

A new productivity supercycle began in the pandemic during Q2-2020, and will continue in 2026 and likely for another twenty years. AI is already being adopted by businesses large and small, because its human interface is simple enough for anyone to use. It will be adopted both from the top-down and the bottom-up, starting in narrow specialty fields like computer programming (where, already, fewer workers are producing far more output) and broad fields like education and health care. Workers will initially be displaced, but AI will create whole new industries to re-employ them.