Will ChatGPT Impact US Economy?

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Paul Krugman predicts ChatGPT won’t transform the economy in the next decade.

But wait, didn’t he say the same about the internet in 1997?

Paul Krugman in 1997: “The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase ‘information economy’ will sound silly.”

Paul Krugman in 2023: “Don’t expect ChatGPT to transform the US economy in the next decade.”

What are your thoughts on Krugman’s latest prediction? Do you think he could be right?

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