Research from the European Central Bank indicates that artificial intelligence (AI) has the potential to reduce wages, not jobs.
It states that the swift integration of artificial intelligence is generating jobs, particularly for the young and highly skilled and its adoption could impact wages, but would not be a concern for job security, according to research by the European Central Bank (ECB).
Despite concerns about the future impact on employment, companies heavily investing in AI are experiencing a shortage of qualified workers, contrary to the typical labour market trends during a recession.The research shows that across 16 European countries, the employment […]
Full Post at nairametrics.com