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AI and Jobs: How to Make AI Work With Us, Not Against Us With Daron Acemoglu
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Cost-Cutting and Productivity in Businesses
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Businesses in the past took a harsh stance against worker demands following Reagan's firing of air traffic controllers. The prioritization of cost-cutting led to the monetization of digital tools for automation and reducing labor costs. Business productivity requires a balance between reducing labor costs and creating new opportunities for productive labor deployment.
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