AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Navigating Inflation and Labor Dynamics
This chapter explores the significance of central banks targeting a 2% inflation rate for economic stability and the historical context of this target. It examines the complexities of inflation, wage responses, and the repercussions of global events like the COVID-19 pandemic and the war in Ukraine on supply chains and price levels. The discussion also delves into the implications of AI on the labor market, raising concerns about job security and the need for ethical governance in AI technologies.