Note: Here we define the start of the PC Era as 1981 (launch of IBM PC). We define the start of the desktop internet era as 1995 (Netscape’s IPO). We define the start of the mobile internet era as 2007 (the launch of Apple’s iPhone). We define the start of the AI Era as 2022 (the public launch of ChatGPT). Source: Federal Reserve Bank of St. Louis (2024) Relative Change in USA Non-Farm Employment & Labor Productivity – 1947-2024, per Federal Reserve Bank of St. Louis Change in USA Non-Farm Employment & Labor Productivity Indexed to 1947, % 0 2.5 5 1947 1951 1955 1959 1963 1967 1971 1975 1979 1983 1987 1991 1995 1999 2003 2007 2011 2015 2019 2023 +31% since 2000 +89% since 2000 USA Nonfarm Labor Productivity USA Nonfarm Employment Minicomputer / PC Era (1981-1994) Desktop Internet Era (1995-2006) Mobile Internet Era (2007-2021) AI Era (2022+) 335 AI & Work Evolution = Real + Rapid Technology Cycles USA Labor Productivity = Has Happened Alongside Job Growth Over Seventy-Seven Years