One framing I keep coming back to is this: productivity is what lets an economy grow without every expansion turning into inflation. What is happening: When output per worker rises, wages and profits can improve with less pressure on prices. Why it matters: That is why productivity is not just an academic series. It shapes the room policymakers have. In practice: A technology wave only becomes macro-relevant when it changes business throughput, not just investor imagination. Watch for: The usual mistake is confusing adoption excitement with measured productivity gains. Useful lens: Before reacting, ask what mechanism would still matter here if the headline disappeared tomorrow. That is the kind of small conceptual habit that compounds into better decisions over time.