The economic implications of generative AI
Insights Now
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The Importance of Demand in the Economy
David Frum: People have often talked about how some technology is going to kill jobs. But somehow the economy always managed to find the demand for new stuff, new services, new things, which keeps us employed. Over 80% of the employment growth that we've seen in the US economy since the 1980s is explained by this tech driven creation of new jobs. He says AI could potentially lend expertise to those who are less skilled or haven't gone through the education and training needed to become more proficient at their job. And it can actually empower a cohort of workers to provide better services, drive higher value-added products into the marketplace.
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