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New research shows that people who have used generative AI, have a bleaker view of the future with regard to jobs and inequality.
(libertystreeteconomics.newyorkfed.org)
this post was submitted on 06 Oct 2024
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It comes back to the apocryphal tale that Henry Ford paid his factory workers a living wage high enough to afford the vehicles they constructed. While there's good economics in respecting demand-side economics, eventually something is going to give in this overall decline that's been allowed to continue