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Forecasts that labor productivity growth

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Global management consulting firm McKinsey & Company forecasts that labor productivity growth from the adoption of artificial intelligence, machine learning, and robotics will average between 0.8 percent and 1.4 percent per year between 2015 and 2065. Does this estimate seem reasonable to you? Why or why not? What are the implications for the U.S. economy if this rate of productivity can be achieved?

Reference no: EM132482194

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