{"slug": "measuring-the-economic-effects-of-ai", "title": "Measuring the Economic Effects of AI", "summary": "A new report from the Economic Innovation Group outlines steps for policymakers to measure AI's economic effects, including expanding surveys and administrative data. The report emphasizes the need for timely data on AI adoption, workforce changes, and business dynamics to guide workers, firms, and policymakers.", "body_md": "# Measuring the Economic Effects of AI\n\n### A path forward\n\n*EIG has just published my new report outlining the most valuable steps that policymakers should take to better measure the economic effects of AI.*\n\nArtificial Intelligence appears destined to reshape the labor market and how firms produce goods and services. Workers, firms, and policymakers will need timely information about how the economy is changing, answering questions such as:\n\nHow many firms use AI? How many workers do?\n\nHow do firms that use AI differ from those that do not?\n\nWhat industries are expanding and what industries are contracting?\n\nWhat skills and occupations are in high demand, and which are increasingly less valuable?\n\nWhat types of workers are switching jobs and which are losing jobs and stuck in unemployment or falling out of the labor force?\n\nWhat types of new businesses are being created and how fast are they growing?\n\nHigh-quality data enables displaced workers to find a new career, students to choose the right skills for the new labor market they will face, and firms to choose which investments to make and which operations to expand or shrink.\n\nThe good news is that there is already widespread agreement that something needs to be done.[1](#footnote-1) Not only that, but much of the statistical infrastructure needed to measure AI’s impact on the economy — surveys that can be expanded, administrative data to combine, human capital within the federal statistical system — already exists.\n\nPolicymakers simply need to make some targeted investments and scale what is already working.\n\nTable 1 below summarizes my recommendations. For the full discussion of which measures of AI’s impact are currently available; a summary of findings thus far; and a detailed description of what can be done to improve measurement of AI, see the full report [here](https://eig.org/measuring-ai/).\n\n[1](#footnote-anchor-1)\n\nSee the Trump administration’s [AI Action Plan](https://www.whitehouse.gov/wp-content/uploads/2025/07/Americas-AI-Action-Plan.pdf), the [AI Workforce PREPARE Act](https://www.congress.gov/bill/119th-congress/senate-bill/3339/text) introduced by Senator Jim Banks, and the [Great American Artificial Intelligence Act](https://trahan.house.gov/uploadedfiles/gaaia_discussion_draft_section-by-section.pdf) introduced by Representatives Jay Obernolte and Lori Trahan.", "url": "https://wpnews.pro/news/measuring-the-economic-effects-of-ai", "canonical_source": "https://agglomerations.eig.org/p/measuring-ai", "published_at": "2026-07-02 09:00:44+00:00", "updated_at": "2026-07-03 21:05:47.188183+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy", "ai-research"], "entities": ["Economic Innovation Group", "Trump administration", "Jim Banks", "Jay Obernolte", "Lori Trahan"], "alternates": {"html": "https://wpnews.pro/news/measuring-the-economic-effects-of-ai", "markdown": "https://wpnews.pro/news/measuring-the-economic-effects-of-ai.md", "text": "https://wpnews.pro/news/measuring-the-economic-effects-of-ai.txt", "jsonld": "https://wpnews.pro/news/measuring-the-economic-effects-of-ai.jsonld"}}