🖼 🤖 The Impact of AI: A New "China Shock" Likely to Send Unemployment Soaring

🤖 The AI Shock Could Be the New "China Shock": It May Lead to a Soaring Unemployment Rate

* Former US President Donald Trump tried to reverse the trade policy of the past 25 years to address the so - called "China Shock", but he may have overlooked the potential impact of artificial intelligence (AI) on the labor market.
* Anthropic CEO Dario Amodei predicted that AI could eliminate half of entry - level white - collar jobs within 1 - 5 years and potentially push the unemployment rate up to 20%.
* The Atlantic pointed out that the unemployment rate of recent college graduates has risen to the highest level since 2021, which may indicate that the impact of AI has begun to show.

(Bloomberg Opinion)

via Teahouse - Telegram Channel