Artificial Intelligence as a Human Capital Multiplier: Productivity Dynamics and Economic Growth in the Digital Era

Abstract

This paper looks at how artificial intelligence (AI) helps people work better and grow the economy. AI does not replace skilled workers. It helps them do more. It supports thinking, learning, and getting work done faster. When people also get training, AI makes their skills more useful. We say AI works like a “human capital multiplier.” It boosts how well people do tasks. It also helps new ideas grow and shifts jobs to better types of work. Firms gain more from AI when they also invest in their workers. This paper shares research, real cases, and charts to explain that. It also talks about problems, like unfair access to tools or learning. The last part of the paper gives steps to help everyone benefit from AI. The main point is clear: AI works best with skilled people. Countries that train workers and use AI wisely can grow faster and more fairly.