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Morgan Stanley: AI Displacement Adds 15 Basis Points to Unemployment Rate, Up From 10 Bps Last December, Affecting Young People Most
A report by Morgan Stanley economists, led by Diego Anzoategui, highlighted that the displacement effect of AI in the labor market is most pronounced among young people. The firm noted that since 2023, following the launch of ChatGPT, unemployment has risen most significantly in industries exposed to AI.
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