> If Gen-AI were making tech workers even 10× more productive at scale, you’d expect to see it reflected in revenue per employee, margins, or operating leverage across the sector.
If we’re even just talking a 2x multiplier, it should show up in some externally verifiable numbers.
I agree, and we might be seeing this but there is so much noise, so many other factors, and we're in the midst of capital re-asserting control after a temporary loss of leverage which might also be part of a productivity boost (people are scared so they are working harder).
The issue is that I'm not a professional financial analyst and I can't spend all day on comps so I can't tell through the noise yet if we're seeing even 2x related to AI.
But, if we're seeing 10x, I'd be finding it in the financials. Hell, a blind squirrel would, and it's simply not there.
Yes, I think there many issues in a big company that could hide a 2x productivity increase for a little while. But I'd expect it to be very visible in small companies and projects. Looking at things like number of games released on steam, new products launched on new product sites, or issues fixed on popular open source repos, you'd expect a 2x bump to be visible.
If we’re even just talking a 2x multiplier, it should show up in some externally verifiable numbers.