Tuesday, 5 December, 2023

ECB Paper Suggests AI Poses Wage Threats, Not Immediate Job Displacement

According to a paper by the European Central Bank (ECB), artificial intelligence (AI) is currently more of a wage threat than an immediate job displacer. It delves into the findings, discussing how AI technologies may impact wages in the workforce. It highlights the nuanced relationship between AI and employment dynamics, emphasizing the need for ongoing analysis and strategies to address potential wage challenges associated with the adoption of AI technologies.