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Posts tagged: consumer spending reduction

AI Job Displacement and Economy

How will the economy sustain itself if widespread AI implementation leads to significant job losses and a consequent reduction in consumer spending power?

January 15, 2024
by Kojo Enoch with No Comment AI Job Displacement

If artificial intelligence leads to widespread job automation, resulting in mass layoffs, how will this affect the overall consumer spending power? As more people find themselves unemployed due to AI, their ability to purchase goods and services diminishe ...

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