Justin Lahart

@jdlahart.bsky.social

Wall Street Journal economics reporter

Given what today's GDP report implies for next week's productivity report, wondering about the freshness date on this part of the FOMC statement: "Productivity growth and capital investment are strong"

There is a lot to say about the Nolan Odyssey movie. But one point that I think has not been emphasized enough is: this is a film about living in LA, as Nolan, my erstwhile British compatriot and age mate, has done for years. I gather it’s a strange place.

I, for one, look forward to an Odyssey where the bits people remember best - the Trojan horse, the Cyclops, the Sirens, Circe, Hades, the oxen - only take up about a fifth of the screen time, and are all told retrospectively. Also, I've been meaning to learn Greek.

I’m reading the Race Between Education and Technology (again) and here is a question: if increasing educational attainment drove America’s 20th century productivity advantage, can AI really simultaneously discourage attainment and increase productivity? How?

The advent of AI has led to worries that the U.S. faces a future of too few jobs for workers to fill. But the challenge could be just the opposite: A sharp slowing in the number of people entering the workforce that leads to an unprecedented era of labor scarcity. www.wsj.com/economy/jobs...

The Next Labor Crisis May Be Too Few Workers. Could AI Help Pick Up the Slack?

New economic research might be pointing toward a shift in thinking about what AI means for the job market.

wsj.com

Former judoka I know used to always get beat by the same guy with the same grab-the-lapel move. So he put his gi in bleach overnight to weaken it, his opponent ended up with handful of cloth, and my friend countered and won. Anyway, just a thought for the USMNT

One thing I didn't get into here, but is worth thinking about, is the salience of some of these price increases. Apple is only a tiny fraction of people's spending baskets, but they sure will notice it - and it could make them even angrier about AI www.wsj.com/economy/the-...

The Data-Center Boom Is Sparking a Third Wave of Inflation

Demand for memory chips is pushing prices higher. Will AI’s promise of increased productivity come in time to temper that inflation?

wsj.com