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Measuring the Economic Effects of AI

Report by Nathan Goldschlag: “How many firms are using Artificial Intelligence? What are they using it for? How many workers are using AI, and how are they using it? 

To track and understand the effects of AI on the economy, researchers will need accurate, detailed, comprehensive answers to these fundamental questions. 

Partial answers won’t do — not at a time when policymakers are struggling to catch up with the sweeping consequences of AI for workers and businesses. Without improved measurement, they risk getting the policy response wrong. 

Fortunately, the statistical infrastructure is already in place to help get it right. But that infrastructure needs an upgrade, fast, to match the scale of the challenge. 

In this essay, EIG’s Nathan Goldschlag outlines the necessary investments in the U.S. statistical agencies that will give them the ability to answer the most pressing and vital questions about the impact of AI on the American economy…(More)”.

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