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The Urgent Need For Revolutionizing Economic Statistics

After a busy day at work as a prompt engineer for a marketing agency — working from your laptop in your own living room — it’s time to relax. You scroll through TikTok for a while, and then upload a video about the novel you discovered recently from a Threads post. After ordering dinner through DoorDash, you ask ChatGPT to recommend an itinerary for your upcoming vacation, and then make travel reservations using Expedia.

After ordering dinner through DoorDash, you ask ChatGPT to recommend an itinerary for your upcoming vacation, and then make travel reservations using Expedia. Perhaps this seems a strange way of life, but it is hardly a fantasy. Boosted by the pandemic, online shopping has grown from less than 3% to over a quarter of retail sales in the U.

Boosted by the pandemic, online shopping has grown from less than 3% to over a quarter of retail sales in the U. Banking and booking travel online are commonplace.

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