This is my first time seeing this publication. It was insightful -- thank you for sharing.

Change comes slowly, then all at once.

> Economists keep saying over and over that so far AI has had minimal impact on the economy.

Economists (including but not limited to Alan Greenspan, Robert Rubin, Larry Summers and Arthur Levitt) also spent a decade arguing against Brooksley Born's 1998 warnings that unregulated over-the-counter derivatives would inevitably lead to a financial crisis.

Economists can be spectacularly wrong and short-sighted (and blinded by prior assumptions of how things work) until suddenly the thing that should have been obvious the whole time is no longer ignorable.

Breaking news, frog in pot says water isn’t too hot yet