Why does GDP measure anyway? How much money do we create for billionaires?
My life is permeated by tech (and big part of it is AI) and made 100 times easier. I can buy a plane ticket to another country while waiting for a subway (did people use to take an hour to go to a special place, wait in line and talk to human to buy a ticket? I still remember this). I go there and quickly navigate in a city I know next to nothing about, find something niche, like cool local cafés in the area because GPS and google maps. I go to a restaurant and I can use google translate to understand the menu. I don't even need to type unfamiliar words, AI scans the image and translates it on the fly. The same google translate with speech recognition AI helps me to converse with a person when we don't share any common language. I can click couple of buttons and video-call my mum who lives on the other side of the world. If I need to buy something I need very rarely, I can order it online and not think where I find a shop that sells those things. Even if I don't know the right word, I can now ask chatgpt "what do you call in German that fancy thing you mount on the ceiling and attach lights to it?"
My life is _hugely_ more efficient thanks to tech and AI. Does it help me to contribute more to the abstract economic growth? I don't know, perhaps not. But I just don't care about GDP.
My life is permeated by tech (and big part of it is AI) and made 100 times easier. I can buy a plane ticket to another country while waiting for a subway (did people use to take an hour to go to a special place, wait in line and talk to human to buy a ticket? I still remember this). I go there and quickly navigate in a city I know next to nothing about, find something niche, like cool local cafés in the area because GPS and google maps. I go to a restaurant and I can use google translate to understand the menu. I don't even need to type unfamiliar words, AI scans the image and translates it on the fly. The same google translate with speech recognition AI helps me to converse with a person when we don't share any common language. I can click couple of buttons and video-call my mum who lives on the other side of the world. If I need to buy something I need very rarely, I can order it online and not think where I find a shop that sells those things. Even if I don't know the right word, I can now ask chatgpt "what do you call in German that fancy thing you mount on the ceiling and attach lights to it?"
My life is _hugely_ more efficient thanks to tech and AI. Does it help me to contribute more to the abstract economic growth? I don't know, perhaps not. But I just don't care about GDP.