Stripe says US productivity is rising, but AI is not the main driver yet
soumitrashukla9 · x · 2026-07-24
Stripe says US productivity is firming, but AI is not the main driver yet
A new Stripe Economics piece argues that the U.S. is likely in a high-productivity period today, but the main reason so far is firms running existing capital harder rather than micro-level productivity gains from AI.
The accompanying chart shows U.S. labor productivity and total factor productivity rising sharply from 2023 into 2024, then easing somewhat into 2025–2026. The broader implication: AI may still matter, but the strongest near-term signal is better utilization of existing assets.
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