AI is reshaping the economy, but good luck measuring how
But no one is sure what effect the technology is having right now.According to some measures, AI is contributing to high unemployment rates among new graduates and might already have destroyed tens of thousands of jobs. Other sources suggest companies might actually be adding workers as a result of the technology.AI might be contributing to the US inflation problem, or be part of the solution to it. Government statistics are inherently backwards-looking, and they are better at measuring broad trends than developments in specific sectors or regions.
- ▪But no one is sure what effect the technology is having right now.According to some measures, AI is contributing to high unemployment rates among new graduates and might already have destroyed tens of thousands of jobs.
- ▪Other sources suggest companies might actually be adding workers as a result of the technology.AI might be contributing to the US inflation problem, or be part of the solution to it.
- ▪Government statistics are inherently backwards-looking, and they are better at measuring broad trends than developments in specific sectors or regions.
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AI is reshaping the economy, but good luck measuring howSign up now: Get ST's newsletters delivered to your inboxAI might be contributing to the US inflation problem, or be part of the solution to it. PHOTO: BLOOMBERGBen CasselmanPublished Jul 08, 2026, 02:10 PMUpdated Jul 08, 2026, 02:10 PMSet as preferred sourceSummariseAI's economic impact is unclear, with conflicting data on job losses, productivity, and inflation effects due to difficulties measuring rapid AI adoption.Government data is limited and outdated, while private-sector data offers more detail but is less comprehensive and also inconsistent.Experts agree AI's broad economic effects are currently limited, with ongoing experimentation delaying clear outcomes and complicating policy decisions.AI generatedNEW YORK – Pretty much…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Straits Times.