America’s productivity boom started before AI, and a Stanford economist who decoded the Great Resignation says working from home is the reason why

A Stanford economist argues that the recent surge in American productivity is primarily linked to the rise of remote work rather than advancements in AI. Over the past five years, productivity in non-farm businesses has increased by 2% annually, a significant rise from the 1% growth seen in the previous decade. This trend has even surprised Federal Reserve Chairman Jerome Powell, who noted the unexpected consistency of high productivity levels.