Robots are now everywhere, except in productivity statistics: Economist

Sectors that stand to benefit from robots, AI, machine learning and other 'hot' technologies are the wholesale sector, retail trade and recreational services

Economists, politicians and business leaders are all singing the praise of computers, artificial intelligence and robots. But are these really revolutionising the economy?

There doesn't seem to be much evidence of that so far, according to Roger Josefsson, an economist with the Swedish data firm Macrobond. It’s “the modern productivity paradox,” he wrote recently in his blog.

The lack of productivity growth over the past 10 to 15 years has been a hot topic of discussion. Investment growth has been strongly concentrated in a few areas, while labor productivity - the key driver of profits and wages - hasn't grown much at