Economists Reveal How AI Will Affect the Economy and Employment

SDPnoticias.com

Lean Left

Factuality

Ownership

Two economists at the University of Pennsylvania, through Wharton, and Boston University developed a mathematical model that poses a disturbing scenario for the economy: artificial intelligence could lead companies to automate so many jobs that they end up destroying demand for their own products.The study, titled The AI Layoff Trap, was developed by Brett Hemenway Falk and Gerry Tsoukalas, and its central argument is that each company gets all …

Новое Время

Factuality

Ownership

Increasing investment in artificial intelligence and associated staff reductions turned out to be a counterproductive strategy, that demoralizes employees and zeroes in on financial returns for business.