This is the biggest myth about the AI-powered economy right now, according to one veteran investment chief

Alejandro GONZALEZ / AFP via Getty Images

• Jim Paulsen says the link between AI and productivity may be tenuous.
• Tech giants have laid off workers recently, citing productivity gains from AI.
• Paulsen argues AI's productivity boost might not bring an economic windfall.

A common narrative of the AI boom says that the technology will lead to vast gains in productivity.

Throughout 2025 and 2026, companies like Amazon, Meta, and Block have laid off chunks...