Loan sharks 🦈 — AI is taking jobs. China bails out countries. And loan sharks get new rules.
The Peak Daily
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The Impact of AI on the Labor Market
AI could boost global GDP by 7% over a 10-year period, but would also disrupt around 300 million jobs in major economies. Lawyers and admin staff are particularly at risk of being replaced. The study estimated two-thirds of jobs in the US and Europe are exposed to AI automation.
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