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AI and Jobs: How to Make AI Work With Us, Not Against Us With Daron Acemoglu
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Balancing Business Interests and Worker Rights
The shift in business thinking led to two main ideas gaining popularity: reducing regulations to increase business efficiency and prioritizing shareholders over workers. This change was accompanied by a decline in union strength due to structural changes in blue-collar industries. The firing of striking air traffic controllers by Ronald Reagan set a precedent for a harsh response to workers' demands by many businesses.
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