My Assessment of AI's Impact on the US Economy and Labor Market

What it is

Labor economist Gad Levanon argues on his Labor Matters newsletter (Oct 1, 2026) that most of the public debate underestimates how much AI has already changed the US economy and labor market. He estimates underlying GDP growth at about 3 percent, driven largely by AI-related business investment, and says his reading of the evidence is not definitive proof.

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