2010 Nobel laureate Christopher Pissarides said AI is unlikely to return Western economies to the high productivity growth seen in prior decades. He warned up to 40% of jobs in the US and UK—notably care and hospitality—are likely to be largely unaffected by AI and said there is currently little evidence AI will materially raise productivity. Pissarides questioned claims by NVIDIA CEO Jensen Huang and OpenAI founder Altman about widespread employment disruption, while allowing AI could deliver s

2010 Nobel laureate Christopher Pissarides said AI is unlikely to return Western economies to the high productivity growth seen in prior decades. He warned up to 40% of jobs in the US and UK—notably care and hospitality—are likely to be largely unaffected by AI and said there is currently little evidence AI will materially raise productivity. Pissarides questioned claims by NVIDIA CEO Jensen Huang and OpenAI founder Altman about widespread employment disruption, while allowing AI could deliver some gains; he remains skeptical it will replicate the 1980s–1990s computer-driven surge. Weak performance in Western economies, especially Europe, will make policy trade-offs more difficult.