But analysis from the Nuffield Trust think tank suggests pay has fallen 5% since 2008 if CPI is used, compared with nearly 20% with RPI.
Kinisi's prototype hand cost around £4,000 ($5,400) to make, 10 times the cost of the simple pincer the firm currently uses, which costs just £400.
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But the note cautioned against treating AI as an “immediate fiscal windfall.” Before productivity fully kicks in, governments face upfront costs that could strain budgets already burdened by post-pandemic debt. Government spending explicitly earmarked for AI remains modest—often only a fraction of a percent of GDP—but a sea of hidden costs could make the transition much more difficult for budgets to handle.