Asutosh Padhi

Oct 2, 2024 | mckinsey.com | Olivia White |Anu Madgavkar |Adi Kumar |Asutosh Padhi

At a glance Micro-, small, and medium-size enterprises (MSMEs) are the bedrock of the US economy. They employ nearly six in ten workers, produce almost 40 percent of value added nationally, and grow into a meaningful share of very large corporations. MSMEs in the United States are only half as productive as large companies, compared with 60 percent in other advanced economies.

Aug 9, 2023 | fortune.com | Michael Chui |Kweilin Ellingrud |Asutosh Padhi

The U.S. economy has absorbed the massive changes the pandemic brought to the labor market, with 8.6 million occupational shifts over the three years of COVID—50% more than in the previous three years. Now another disruption has arrived: generative artificial intelligence. While still very new, generative A.I. is developing fast; we believe it will eventually make a difference in every corner of the economy. It is going to be a big deal. But will it be a good deal for American workers?