Steve speaks to Harvard professor David Deming about his recent research on the use of GenAI tools in the workplace and what it means for productivity. David’s evidence suggests that GenAI tools have already boosted U.S. labor productivity, with more gains to come. They also highlight the role of unfettered market-based experimentation in sorting out where GenAI tools work well, and where they don’t. In closing, David explains why he titles his substack newsletter Forked Lightning. For more information about the research and guest speaker, visit: https://www.hoover.org/research/genai-workplace?utm_source=youtube&utm_medium=description&utm_campaign=ea_description ABOUT THE SERIES Each episode of Economics, Applied, a video podcast series, features senior fellow Steven Davis in conversation with leaders and researchers about economic developments and their ramifications. The goal is to bring evidence and economic reasoning to the table, drawing lessons for individuals, organizations, and society. The podcast also aims to showcase the value of individual initiative, markets, the rule of law, and sound policy in fostering prosperity and security. For more information, visit: https://www.hoover.org/podcasts/economics-applied?utm_source=youtube&utm_medium=description&utm_campaign=ea_youtube __________ The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2025 by the Board of Trustees of Leland Stanford Junior University. 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • X: https://www.twitter.com/HooverInst