Economist: skeptics were right about AI growth, bottlenecks still misunderstood

Afinetheorem · x · 2026-10-25

Economist Afinetheorem opens an 8-part thread on AI and growth bottlenecks: economists have been exactly right that fast tech change has yielded little extra growth. Over two years ago, when the group of economists he organized at AI labs said "1pp extra growth/yr through 2030," lab folks thought they were crazy—yet that forecast now looks aggressive. His core claim: AI circles still don't understand the bottlenecks between technology and measured growth. Later posts illustrate with a bricklaying-robot thought experiment and McKinsey's failed 2019 automation forecasts.

Related event: Economist Thread: AI Growth Bottleneck Arguments Hold Up(9 posts)→

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