Mmastodon TechnologyAI first seen 18 h ago, last 17 h ago, peak #1

Krugman: data centers create far fewer jobs than other investment

Original: Paul Krugman: "deploying $8 billion in capital, the cost of a data center, in a non-AI sector will, on average, support

Economist Paul Krugman argues that the roughly $8 billion it costs to build a data center supports only about 100 jobs, while the same capital deployed in a non-AI sector would, on average, support more than 10,000 jobs. He says money spent building data centers generates far less employment than alternatives, a point fueling debate over whether the AI investment boom delivers broad economic benefits.

Why now: Debate over whether massive AI and data center investment actually benefits the wider economy is intensifying.

Paul KrugmanAIdata centers

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Evidence

• Paul Krugman: "deploying $8 billion in capital, the cost of a data center, in a non-AI sector will, on average, support more than 10,000 jobs, while investing that money in a data center will support only around 100 jobs. Or to put it another way, money spent building data… · elasticsoul · 34

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