Fed Boss Concerned About AI’s Effect on Job Market

One of the main questions about economics circles is the impact of artificial intelligence – or perhaps already – in the labor market.

While most of the stories of “AITOMATION” are anecdotal at best, it seems that the initial data shows at least the level of disruption of the labor market for young workers in the areas exposed to the current capabilities of the artificial intelligence program.

If artificial intelligence actually takes these functions is another question. The performance in the real world of the program is still horrific, which leads to a number of automation disasters in reality, data shows that AI’s passes are now declining across major companies. There is also a widespread reason for the belief that companies’ executives are using artificial intelligence as a cover for external sources of use and its typical reduction.

In short, artificial intelligence automation is a huge gray area that has been caught between PR Tech PR on the one hand and an objective bleak market on the other hand.

Water distortion is more than that is the head of the US Federal Reserve, Jerome Powell, who said at the conclusion of the Federal Reserve meeting in September, believes artificial intelligence He is The effect of the workforce – at least somewhat.

“I think my view, which is also a guess, but on a large scale, I think you see some effects but this is not the main thing that leads it,” he said with an amazing number of qualifiers.

I mentioned for the first time Business InsiderPowell said that his followers are that artificial intelligence makes the labor market more challenging for graduates in modern universities, although he wished that its impact would be really important.

“The companies or other institutions that were employing young people outside the college may be more able to use artificial intelligence than they were in the past,” said the Federal Reserve Chairman. “This may be part of the story. It is also part of the story, although the creation of job opportunities has slowed on a wider scale.”

Whether this is true or not, the fact that Powell Secure It is important – it is now among the most prominent American officials who comment on the issue of automating artificial intelligence, such as Dualism Note.

For several months, the central banking authority has faced a significant contradiction in the budget of the need to reduce lending rates while the need to maintain inflation from getting out of control. It is a situation that can lead to a terrible “spread” crisis, which can be said to be worse for workers from artificial intelligence.

The Federal Reserve recently released a small price reduction a few days after a loud summer, although the question remains whether more will come, and when they arrive, and what is the impact of anxiety on Powell of artificial intelligence on those decisions.

As Powell himself said after the September meeting, “It is not incredibly clear what to do.”

More about labor: A man applies to Ayoub, sits for the interview, then realizes that they are trying to collect “fake interviews with one of the interviews of artificial intelligence”