Blog•Mar 4, 2026
The Labor Crisis Hidden in Plain Sight
A new NBER study of 6,000 C‑suite executives across the U.S., EU, Japan and China finds AI has delivered only a 0.29% productivity lift in the past three years and virtually no impact on employment. The report debunks the hype that automation will replace workers, highlighting instead a looming "Gray Tsunami" as roughly three million Baby Boomers exit the U.S. labor force each year. Executives are more distracted by AI hype than by the demographic attrition threatening talent pipelines. The author argues firms must shift from AI adoption to effective use and mentor retention to bridge the coming gap.
