ABOUT THE EPISODE
Kent Smetters of the Penn Wharton Budget Model warns that while AI adoption could lift GDP by up to 3.7% by 2075, it’s no cure for America’s debt. Market gains are concentrated in the “Magnificent Seven,” major tech giants, and policymakers betting on AI as a fiscal rescue are overstating its power. Early estimates show ~$400B deficit relief in a decade, but costs like healthcare could erase much of that.
ABOUT THE PODCAST
This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.
Subscribe on Apple Podcasts: https://whr.tn/3EdpB5X
Subscribe on Spotify: https://whr.tn/4ihHaiT
Watch/listen on the Knowledge at Wharton website: https://whr.tn/twib
#AI #Economy #AIImpact #FutureOfWork #AIFuture #FiscalPolicy
—–
The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.
Launched in 1999, Knowledge at Wharton offers free access to:
– Articles, podcasts, and videos highlighting Wharton faculty research and analysis of current business trends
– Interviews with book authors from Wharton School Press
– In-depth series of curated content like Wharton Executive Education’s Nano Tools for Leaders
– A searchable database of more than 10,000 articles covering all aspects of business
– A weekly newsletter that delivers Knowledge at Wharton insights directly to your inbox
Visit the Knowledge at Wharton homepage: https://whr.tn/3qUpSBE
Subscribe to the Knowledge at Wharton YouTube channel: https://whr.tn/3DEAgAU
