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Post-Labor Economics Lecture 02 - "Economic Agency Paradox" (2025 update) | Artificial Intelligence Masterclass

Artificial Intelligence Masterclass

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The Economic Paradox of Automation

This chapter explores the complex relationship between rising automation and economic agency, highlighting the potential decline in aggregate demand due to job losses. It examines the implications for labor markets and consumer purchasing power, predicting significant unemployment by the early 2030s and proposing new economic models to address these challenges.

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