AIGizmodoabout 2 hours ago
CNBC Accidentally Admits Why Employers Love AI
1 min read
JPMorgan Asset Management's David Kelly said on CNBC that workers fear AI replacement, suppressing wage growth. Wage growth hit 3.1% year-over-year in August, the lowest since May 2021, while unemployment sits at 4.1%. Less than 6% of private sector workers belong to unions.
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