AXIOS January 29, 2024
In conversations with a slew of business leaders this month about the economic implications of generative AI, a recurring theme cropped up: that AI-driven productivity gains are the world’s best hope to limit the pain of a demographic squeeze.
Why it matters: As computers get better at doing jobs humans have traditionally done, it creates the risk of mass displacement of workers.
- But the flip side is an emerging shortage of working-age humans in most advanced economies and a murky future for globalization, which effectively expands the global pool of workers.
- The big macroeconomic question for the coming decade is which force proves more powerful — the undersupply of workers or the displacement of jobs caused by AI.
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