Generative AI’s $3.8 Trillion Impact and Inflation’s Unpredictable Path

Explore the transformative potential of generative AI, projected to drive $3.8 trillion in US economic growth by 2038, and the unexpected rise in Canada's inflation rate, sparking debates on future monetary policy. Delve into the UK's fiscal challenges with rising government borrowing and the persistent gender inequity in unpaid labor affecting women's economic security. This episode provides insights into the economic shifts and policy implications shaping our world today.

Sources:
https://blogs.microsoft.com/on-the-issues/2024/11/21/the-3-8-trillion-opportunity-unlocking-the-economic-potential-of-the-us-generative-ai-ecosystem/
https://www.benefitsandpensionsmonitor.com/news/industry-news/inflations-rise-keeps-economists-guessing-on-next-rate-move/389854
https://www.thetimes.com/business-money/economics/article/uk-debt-costs-push-government-borrowing-to-174bn-x68td3z25
https://www.dallasnews.com/news/2024/11/21/unpaid-labor-and-economic-struggles-how-gender-inequity-keeps-women-in-a-double-bind/

Outline:
(00:00:00) Introduction
(00:00:42) The $3.8 Trillion Opportunity: Unlocking the Economic Potential of the US Generative AI Ecosystem
(00:04:04) Inflation’s rise keeps economists guessing on next rate move
(00:07:02) UK debt costs push government borrowing to £17.4bn
(00:10:33) Unpaid labor and economic struggles: How gender inequity keeps women in a double bind