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78 AI job displacement predictions rest on a metric economists call ‘completely meaningless’

Silicon Canals
Christian Kelly @ Silicon Canals 2 place · today 04:08 EDT

AI job displacement predictions rest on a metric economists call ‘completely meaningless’

AI executives warn that machines will replace human workers across nearly every profession within years. Economists say the data needed to evaluate that claim barely exists. The missing variable: price elasticity of demand — a foundational economic concept that determines whether AI-driven productivity gains expand markets or simply eliminate jobs. Photo by Yan Krukau on ... Read more

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