Alternative explanation: rate hikes and Big Tech layoffs, not AI productivity
jburnmurdoch · x · 2026-11-01
Burn-Murdoch offers the competing explanation via an FT excerpt: "productivity surging in AI-adopting sectors" is really "rate hikes, inflation and other economic uncertainty starting in 2022 caused firms to pull back on hiring, and Big Tech went further in making substantial layoffs long before production-ready AI."
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